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Devin wants to determine the mix of spare parts to produce in order to maximize total profit.   Use the Excel Solver to solve the model by the Simplex Method!

Devin wants to determine the mix of spare parts to produce in order to maximize total profit.   Use the Excel Solver to solve the model by the Simplex Method!

Practical Management Science
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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Devin is the production manager for the Bilco Corporation, producing three types of automobile spare parts. The manufacture of each part requires processing on each of two machines, with the following processing times (in hours): 

                                                                                     PART
Machine A B C
1 0.02 0.03 0.05
2 0.05 0.02 0.04

 

Each machine is available 40 hours per month. Each part manufactured will yield a unit profit as follows:

 

A B C

PROFIT $300 $250 $200

Devin wants to determine the mix of spare parts to produce in order to maximize total profit.

 

Use the Excel Solver to solve the model by the Simplex Method! 

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