Scribd
Upload
128 views3 pages

Computer Example

The document contains a 4 problem test involving using Solver in Excel to maximize profits under various constraints. Problem 1 involves determining the optimal product mix for a company making 3 products from 5 parts with limits on part quantities. Problem 2 involves allocating 4 technicians making 3 products within their time limits to maximize profits. Problem 3 involves allocating production of mice, keyboards, and joysticks within labor and machine time limits to maximize profits. Problem 4 involves allocating Jason's time and diamond supply across bracelets, necklaces, and earrings to maximize profits. The test-taker is asked to submit an answer sheet and Excel file showing the Solver solutions to each problem.

Uploaded by

NamJin Kim
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
128 views3 pages

Computer Example

The document contains a 4 problem test involving using Solver in Excel to maximize profits under various constraints. Problem 1 involves determining the optimal product mix for a company making 3 products from 5 parts with limits on part quantities. Problem 2 involves allocating 4 technicians making 3 products within their time limits to maximize profits. Problem 3 involves allocating production of mice, keyboards, and joysticks within labor and machine time limits to maximize profits. Problem 4 involves allocating Jason's time and diamond supply across bracelets, necklaces, and earrings to maximize profits. The test-taker is asked to submit an answer sheet and Excel file showing the Solver solutions to each problem.

Uploaded by

NamJin Kim
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 3

Chapter 29 – Test

(60 minutes)

Using Solver to determine the optimal product mix


Problem 1 (2.5 points)
A company produces three types of products (Products 1, 2, and 3) by assembling from
standardized parts labeled P1, P2, P3, P4, P5. The quantity of each part in each type of
product, the reserve quantity of each part and the unit profit of each product are given in
the following table:

Reserve Quantity of each part in each product


Parts quantity of
each part Product 1 Product 2 Product 3
P1 450 1 1 0
P2 250 1 0 0
P3 800 2 2 1
P4 450 1 1 0
P5 600 2 1 1
Unit profit (USD/Product) 75 50 35
How can the company maximize its profit? (The number of each type of products should
be produced? The maximum profit the company can gain?). Profit: $25,000

Problem 2 (2.5 points)


At a chip manufacturing plant, four technicians (A, B, C, and D) produce three products
(Products 1, 2, and 3). This month, the chip manufacturer can sell 80 units of Product 1, 50
units of Product 2, and, at most, 50 units of Product 3. Technician A can make only
Products 1 and 3. Technician B can make only Products 1 and 2. Technician C can make
only Product 3. Technician D can make only Product 2. For each unit produced, the
products contribute the following profit: Product 1, $6; Product 2, $7; and Product 3, $10.
The time (in hours) each technician needs to manufacture a product is as follows:

Product Technician A Technician B Technician C Technician D


1 2 2.5 Cannot do Cannot do
2 Cannot do 3 Cannot do 3.5
3 3 Cannot do 4 Cannot do

Each technician can work up to 120 hours per month. How can the chip manufacturer
maximize its monthly profit? Assume a fractional number of units can be produced.
Profits $1,208.0
Product 1 78.0
Product 2 34.3
Product 3 50.0

Problem 3 (2.5 points)


A computer manufacturing plant produces mice, keyboards, and video game joysticks. The
per-unit profit, per-unit labor usage, monthly demand, and per-unit machine-time usage are
given in the following table:

Mice Keyboards Joysticks


Profit/unit $8 $11 $9
Labor usage/unit .2 hour .3 hour .24 hour
Machine time/unit .04 hour .055 hour .04 hour
Monthly demand 15,000 29,000 11,000
Each month, a total of 13,000 labor hours and 3,000 hours of machine time are available.
How can the manufacturer maximize its monthly profit contribution from the plant?
$488,863.0

Mice Keyboards Joysticks


Profit/unit $8 $11 $9
Labor usage/unit 0.2 0.3 0.24
Machine time/unit 0.04 0.055 0.04
Monthly demand 15,000 29,000 11,000
Quantity 15000 24533 11000

Problem 4 (2.5 points)


Jason makes diamond bracelets, necklaces, and earrings. He wants to work a maximum of
160 hours per month. He has 800 ounces of diamonds. The profit, labor time, and ounces
of diamonds required to produce each product are as follows:

Ounces of
Labor hours
Product Unit profit diamonds per
per unit
unit
Bracelet $300 .35 1.2
Necklace $200 .15 .75
Earrings $100 .05 .5
If demand for each product is unlimited, how can Jason maximize his profit?

Profit: $213,300.0
Unit Labor hours Ounces of diamonds
Product Quantity
profit per unit per unit
Bracelet $300 0.35 1.2 0
Necklace $200 0.15 0.75 1066
Earrings $100 0.05 0.5 1

Please submit the two following files:

1 The Answer Sheet in Word format with file name is your full name and student ID (e.g. Tran
Van An – 12345678). In the Answer Sheet, you just write your answer for each problem.

2 The Excel file that presents how you can solve the problems. Each problem (together with its
solution) is presented in one separate sheet (e.g. this test has 3 problems, so your Excel file
should have 3 sheets, sheet 1 for problem 1; sheet 2 for problem 2…). The Excel file also
should be named with the above rule.

You might also like