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Assignment For OpenSolver

The document outlines 3 optimization problems to solve using OpenSolver software by November 8th for 10 marks. Problem 1 involves determining the optimal number of convenience, standard, and expanded-services stores for a corporation to build within budget and employee constraints to maximize annual revenue. Problem 2 is to find a minimum-cost diet meeting calorie, chocolate, sugar, and fat requirements using different types of foods. Problem 3 presents a supply chain network and asks to solve the transportation problem to minimize total cost while meeting supply and demand constraints by determining optimal product allocation from 3 distribution centers to 8 stores.

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Atharva Marodkar
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21 views

Assignment For OpenSolver

The document outlines 3 optimization problems to solve using OpenSolver software by November 8th for 10 marks. Problem 1 involves determining the optimal number of convenience, standard, and expanded-services stores for a corporation to build within budget and employee constraints to maximize annual revenue. Problem 2 is to find a minimum-cost diet meeting calorie, chocolate, sugar, and fat requirements using different types of foods. Problem 3 presents a supply chain network and asks to solve the transportation problem to minimize total cost while meeting supply and demand constraints by determining optimal product allocation from 3 distribution centers to 8 stores.

Uploaded by

Atharva Marodkar
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Assignment for 10 marks-

 Following Problems to be solved using OpenSolver software (preferably)-


 Last date for submission- 8th November 2023 (5PM).

Q1) A corporation plans on building a maximum of 11 new stores in a large


city. They will build these stores in one of three sizes for each location – a
convenience store (open 24 hours), standard store, and an expanded-services
store. The convenience store requires $4.125 million to build and 30
employees to operate. The standard store requires $8.25 million to build and
15 employees to operate. The expanded-services store requires $12.375
million to build and 45 employees to operate. The corporation can dedicate
$82.5 million in construction capital, and 300 employees to staff the stores. On
the average, the convenience store net profits $1.2 million annually, the
standard store net profits $2 million annually, and the expanded services store
net profits $2.6 million annually. How many of each should they build to
maximize revenue?
Hint- https://www.msubillings.edu/asc/writingcenter/resources/math/tutorials/
finitemathhelps/Lin%20Prog%20with%20Excel.pdf

Q2) Problem Statement


• Consider the problem of finding a minimum cost diet.
• There are four different types of food: Brownies, Ice Cream, Cola, and
Cheese Cake, with nutrition values and cost per unit as follows:
Brownies Ice Cream Cola Cheese Cake
Calories 400 200 150 500
Chocolate 3 2 0 0
Sugar 2 2 4 4
Fat 2 4 1 5
Cost $0.50 $0.20 $0.30 $0.80

Task:
• Find a minimum-cost diet that contains
– at least 500 calories
– at least 6 grams of chocolate
– at least 10 grams of sugar
– at least 8 grams of fat.
Hint-
https://d37djvu3ytnwxt.cloudfront.net/assets/courseware/v1/c65590ca88065d60dca1b7e0
74a0e9c0/asset-v1:MITx+15.053x+3T2016+type@asset+block/OpenSolver.pdf

Q3) Below is the supply chain network shown. It’s a simple network with two
stages: there are three Distribution Centres, and the other eight facilities are
Stores. Table below gives the information needed to solve the transportation
problem:
 Product demand at each destination facility (Store 1 to 8).
 Facility locations and distances between each demand and supply points
(in kilometres).
 The maximum storage capacity of each supply point.

Supply Points
DC1 DC2 DC3 Demand
Store1 428 786 753 300
Store2 497 1128 1545 200
Store3 669 704 475 250
Demand Store4 922 1296 529 100
Points Store5 1007 1030 2046 100
Store6 692 413 1694 70
Store7 316 436 1365 100
Store8 1065 725 684 70
Supply 700 700 700 2100\1190

•Cost per kilometre travelled is $0.60


Solve the transportation problem to minimize total transportation cost while
satisfying all the supply and demand constraints.
Hint- https://www.scmglobe.com/how-to-solve-transportation-problems-
using-excel-solver/

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