Answer To: Please let me know if you help me with this assignment.Thank you
Sumit answered on May 09 2021
Module 6 HW prob 8
© Jeffrey M. Keisler 2021
Product 1 2 Problem (1 point)
Price 35 25 Using the data from 6.3 (see below starting in K24), and also assuming that:
Fixed cost (ignoring for now) Kiddies has 5000 square feet of wood available
Kiddies has 25000 nails available
Resource 1 cost to acquire 5 AND
Resource 2 cost to acquire 0.25 Each storage box uses 5 Square feet of wood, instead of 4
Total used Total avail
Resource 1 used per unit 5 3 3750 5000 A) Run Solver to find the optimal solution
Resource 2 used per unit 30 20 25000 25000 to maximize operating profit
Total unit cost 32.5 20 (Hint: the amount of resources available is different
Operating profit than in the previous problems)
Marginal profit per unit 2.5 5 6250 # of Storage boxes 0
Quantity 0 1250 # of Birdhouses 1250
Operating profit 6250
Total labor used 0 3750 3750
Total material used 0 25000 25000 B) When you run solver, before selecting OK, click on
Total labor cost 0 18750 18750 Sensitivity report in order to create a sensitivity report
Total material cost 0 6250 6250 (Your sensitivity report should appear as another worksheet
named Sensitivity Report 1. Just leave it there)
Variable cost 0 25000 25000
Total cost 0 25000 25000
Revenue 0 31250 31250 Storage boxes sell for $35.
Profit 0 6250 6250 A storage box requires 4 5 square feet of wood and 30 nails.
Birdhouses sell for $25
A birdhouse uses 3 square feet of wood and 20 nails
Wood costs $5/square foot, and nails cost $0.25 each
Sensitivity Report 1
Microsoft Excel 16.0 Sensitivity Report
Worksheet: [module-6-hw-probs-part-2-akf33odc.xlsx]Module 6 HW prob 8
Report Created: 09-05-2021 11:09:06
Variable Cells
Final Reduced Objective Allowable Allowable
Cell Name Value Cost Coefficient Increase Decrease
$E$15 Quantity 0 -5 2.5 5 1E+30
$F$15 Quantity 1250 0 5 1E+30 3.3333333333
Constraints
Final Shadow Constraint Allowable Allowable
Cell Name Value Price R.H. Side Increase Decrease
$G$9 Resource 1 used per unit Total used 3750 0 5000 1E+30 1250
$G$10 Resource 2 used per unit Total used 25000 0.25 25000 8333.3333333333 25000
Module 6 HW prob 9
© Jeffrey M. Keisler 2021
Product 1 2 Problem (3 points)
Price 35 25 Using the data from the previous problem, try the following variations:
Fixed cost (ignoring for now)
0.25 Part A:
Resource 1 cost to acquire 5 Run solver with 5010 sf wood available instead of 5000 (still 25000 nails)
Resource 2 cost to acquire 0.25 How much does Product 1 incr or decr 0 (e.g., if it goes from 100 down to 97, enter -3. if it goes from 100 up to 105, enter 5)
Total used Total avail How much does Product 2 incr or decr 0 and use the same convention for other answers on this problem
Resource 1 used per unit 5 3 3900 5000 How much does profit incr or decr 0
Resource 2 used per unit 30 20 26000 26000
0.25 Part B:
Total unit cost 32.5 20 Run solver with 10000 sf wood (instead of 5000, still 25000 nails)
Operating profit
Marginal profit per unit 2.5 5 6500 How much does Product 1 incr or decr 0
Quantity 0 1300 How much does Product 2 incr or decr 0
How much does profit incr or decr 0
Total labor used 0 3900 3900
Total material used 0 26000 26000 0.25 Part C:
Total labor cost 0 19500 19500 Run solver with 26000 nails instead of 25000 (still 5000 sf wood)
Total material cost 0 6500 6500
How much does Product 1 incr or decr 0
Variable cost 0 26000 26000 How much does Product 2 incr or decr 50
Total cost 0 26000 26000 How much does profit incr or...