Spreadsheet Modeling and Decision Analysis: A Practical Introduction to Business Analytics
Spreadsheet Modeling and Decision Analysis: A Practical Introduction to Business Analytics
7th Edition
ISBN: 9781285418681
Author: Cliff Ragsdale
Publisher: Cengage Learning
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Question
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Chapter 3, Problem 43QP

a)

Summary Introduction

Toformulate: A linear programming model for the problem.

a)

Expert Solution
Check Mark

Explanation of Solution

Formulation:

Minimize=A12+B13+C14+D18Subject to:1.06A12A23=01.06A23+1.14B13A34B35=01.06A34+1.18C14A45C47=01.06A45+1.14B5A56B57=01.06A56A7=121.06A67+1.14B57+1.18C47A78B79=141.06A78+1.65D18A89=161.06A89+1.14B79=183A12B13+2C14+4D1803A23B13+2C14+4D1803A34B35+2C14+4D1803A45B35+2C47+4D1803A45B35+2C47+4D1803A56B57+2C47+4D1803A67B57+2C47+4D1803A78B79+4D1803A89B790Aij,Bij,Cij,Dij0

b)

Summary Introduction

Todevelop: A spreadsheet model and solve using solver.

b)

Expert Solution
Check Mark

Explanation of Solution

Model:

Formulae:

Spreadsheet Modeling and Decision Analysis: A Practical Introduction to Business Analytics, Chapter 3, Problem 43QP , additional homework tip  1

Spreadsheet Modeling and Decision Analysis: A Practical Introduction to Business Analytics, Chapter 3, Problem 43QP , additional homework tip  2

Spreadsheet Modeling and Decision Analysis: A Practical Introduction to Business Analytics, Chapter 3, Problem 43QP , additional homework tip  3

Spreadsheet Modeling and Decision Analysis: A Practical Introduction to Business Analytics, Chapter 3, Problem 43QP , additional homework tip  4

Spreadsheet Modeling and Decision Analysis: A Practical Introduction to Business Analytics, Chapter 3, Problem 43QP , additional homework tip  5

Spreadsheet Modeling and Decision Analysis: A Practical Introduction to Business Analytics, Chapter 3, Problem 43QP , additional homework tip  6

Spreadsheet Modeling and Decision Analysis: A Practical Introduction to Business Analytics, Chapter 3, Problem 43QP , additional homework tip  7

Spreadsheet Modeling and Decision Analysis: A Practical Introduction to Business Analytics, Chapter 3, Problem 43QP , additional homework tip  8

Solver input:

Spreadsheet Modeling and Decision Analysis: A Practical Introduction to Business Analytics, Chapter 3, Problem 43QP , additional homework tip  9

Answer:

Spreadsheet Modeling and Decision Analysis: A Practical Introduction to Business Analytics, Chapter 3, Problem 43QP , additional homework tip  10

Spreadsheet Modeling and Decision Analysis: A Practical Introduction to Business Analytics, Chapter 3, Problem 43QP , additional homework tip  11

c)

Summary Introduction

Toidentify: The optimal solution.

c)

Expert Solution
Check Mark

Explanation of Solution

Optimal solution:

Spreadsheet Modeling and Decision Analysis: A Practical Introduction to Business Analytics, Chapter 3, Problem 43QP , additional homework tip  12

Spreadsheet Modeling and Decision Analysis: A Practical Introduction to Business Analytics, Chapter 3, Problem 43QP , additional homework tip  13

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