A furniture company manufactures desks and chairs. Each desk uses four units of wood, and each chair uses three units of wood. A desk contributes $250 to profit, and a chair contributes $145. Marketing restrictions require that the number of chairs produced be at least four times the number of desks produced. There are 2,000 units of wood available. Use Solver to maximize the company's profit. Confirm graphically that the solution in part 1 maximizes the company's profit. Use SolverTable to see what happens to the decision variables and the total profit when the availability of wood varies from 1,000 to 3,000 in 100-unit increments. Based on your findings, how much would the company be willing to pay for each extra unit of wood over its current 2,000 units?
A furniture company manufactures desks and chairs. Each desk uses four units of wood, and each chair uses three units of wood. A desk contributes $250 to profit, and a chair contributes $145. Marketing restrictions require that the number of chairs produced be at least four times the number of desks produced. There are 2,000 units of wood available. Use Solver to maximize the company's profit. Confirm graphically that the solution in part 1 maximizes the company's profit. Use SolverTable to see what happens to the decision variables and the total profit when the availability of wood varies from 1,000 to 3,000 in 100-unit increments. Based on your findings, how much would the company be willing to pay for each extra unit of wood over its current 2,000 units?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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A furniture company manufactures desks and chairs. Each desk uses four units of wood, and each chair uses three units of wood. A desk contributes $250 to profit, and a chair contributes $145. Marketing restrictions require that the number of chairs produced be at least four times the number of desks produced. There are 2,000 units of wood available.
- Use Solver to maximize the company's profit.
- Confirm graphically that the solution in part 1 maximizes the company's profit.
- Use SolverTable to see what happens to the decision variables and the total profit when the availability of wood varies from 1,000 to 3,000 in 100-unit increments. Based on your findings, how much would the company be willing to pay for each extra unit of wood over its current 2,000 units?
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1 Manufacturing desks and chairs
2
3 Inputs
4
Desks
Chairs
5 Unit margins
6 Wood usage per unit
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8 Decisions
9
Desks
Chairs
10 Units produced
11
12 Constraint on wood
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Wood used
Wood available
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15
16 Constraint on chairs
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Chairs produced
Chairs required
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20 Objective to maximize
21 Profit
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Module 2 Problem Workbook (1) -
O Search (Alt+Q)
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File
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Insert
Draw
Page Layout
Formulas
Data
Review
View
Developer
Help
Acrobat
Power Pivot
SolverTable
8 Share
P Comments
Σ
x, Subscript
x' Superscript
EInsert v
Calibri
v 11
- A A"
General
DX Delete v
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BIU - E
A
=E E E E E -
E - % 9 8 8
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A26
fe
A.
B
E
G
H
K
L
M
P
Q
1 Manufacturing desks and chairs
2
3 Inputs
4
Desks
Chairs
5 Unit margins
6 Wood usage per unit
7
8 Decisions
9
Desks
Chairs
10 Units produced
11
12 Constraint on wood
13
Wood used
Wood available
14
15
16 Constraint on chairs
17
Chairs produced
Chairs required
18
19
20 Objective to maximize
21 Profit
22
Р3-26
p3-34
Ready
+ 100 %
19:16
О Введите здесь текст для поиска
2 9°C
A ENG
16.12.2021
尔
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