SCM1012 – SCM Quantitative Techniques Assignment #1 The following table summarizes the key facts about two products, A and B, and the resources, Q, R, and S, required to produce them. Product A Product B Unit Profit $3,000 $2,000 Resource Usage per Unit Produced Product A Product B Amount of Resource Available Resource Q 2 1 2 Resource R 1 2 2 Resource S 3 3 4 All the assumptions of linear programming hold. Formulate and solve a linear programming model for this problem on a spreadsheet by using the Excel Solver. Determine units to produce of each unit. Note: Round your answers to 3 decimal places. Determine the total profit. Note: Round your answer to 2 decimal places.
SCM1012 – SCM Quantitative Techniques Assignment #1 The following table summarizes the key facts about two products, A and B, and the resources, Q, R, and S, required to produce them. Product A Product B Unit Profit $3,000 $2,000 Resource Usage per Unit Produced Product A Product B Amount of Resource Available Resource Q 2 1 2 Resource R 1 2 2 Resource S 3 3 4 All the assumptions of linear programming hold. Formulate and solve a linear programming model for this problem on a spreadsheet by using the Excel Solver. Determine units to produce of each unit. Note: Round your answers to 3 decimal places. Determine the total profit. Note: Round your answer to 2 decimal places.
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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SCM1012 – SCM Quantitative Techniques
Assignment #1
The following table summarizes the key facts about two products, A and B, and the resources, Q, R, and S, required to produce them.
|
|
Product A |
Product B |
|
Unit Profit |
$3,000 |
$2,000 |
|
Resource Usage per Unit Produced |
|||
|
|
Product A |
Product B |
Amount of Resource Available |
|
Resource Q |
2 |
1 |
2 |
|
Resource R |
1 |
2 |
2 |
|
Resource S |
3 |
3 |
4 |
All the assumptions of linear programming hold. Formulate and solve a linear programming model for this problem on a spreadsheet by using the Excel Solver.
- Determine units to produce of each unit.
Note: Round your answers to 3 decimal places.
- Determine the total profit.
Note: Round your answer to 2 decimal places.
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