7/27/2019 Ex10(Solver2)

1/6

Date Created:Created By:

Purpose: To determine the product mix of four grill modelsthat maximizes GrillRite's profit.

GrillRite

7/27/2019 Ex10(Solver2)

2/6

Microsoft Excel 11.0 Answer ReportWorksheet: [Ex10(Solver2).xls]OrderReport Created: 7/20/2006 2:38:24 PM

Target Cell (Value Of)

Cell Name Original Value Final Value$B$21 Net Income Standard $40,000.00 $35,000.00

Adjustable Cells

Cell Name Original Value Final Value

$B$6 Models Ordered Standard 239.4611132 146.6298164$C$6 Models Ordered Deluxe 256.7297987 241.2977955$D$6 Models Ordered Dual 183.5404026 214.404409$E$6 Models Ordered Extended 269.7297987 254.2977955

ConstraintsCell Name Cell Value Formula Status Slack

$I$6 Burner (Main) Ordered 856.6298164 $I$6

7/27/2019 Ex10(Solver2)

3/6

Microsoft Excel 11.0 Sensitivity ReportWorksheet: [Ex10(Solver2).xls]OrderReport Created: 7/20/2006 2:38:24 PM

Adjustable Cells

Final ReducedCell Name Value Gradient

$B$6 Models Ordered Standard 146.6298164 0$C$6 Models Ordered Deluxe 241.2977955 0$D$6 Models Ordered Dual 214.404409 0$E$6 Models Ordered Extended 254.2977955 0

Constraints

Final LagrangeCell Name Value Multiplier

$I$6 Burner (Main) Ordered 856.6298164 0$I$7 Burner (Side) Ordered 723 0

$I$8 Chassis (Extended) Ordered 468.7022045 0$I$9 Chassis (Standard) Ordered 387.9276119 0$I$10 Control Dial Ordered 1820.927612 0$I$11 Gas Tubing Ordered 1579.629816 0$I$12 Igniter Ordered 1579.629816 0$I$13 Igniter Button Ordered 856.6298164 0$I$14 Rack (Main) Ordered 856.6298164 0$I$15 Rack (Side) Ordered 723 0$I$16 Rack (Top) Ordered 710 0$I$17 Support Stand Ordered 856.6298164 0

7/27/2019 Ex10(Solver2)

4/6

Microsoft Excel 11.0 Limits ReportWorksheet: [Ex10(Solver2).xls]Limits Report 1Report Created: 7/20/2006 2:38:24 PM

Target

Cell Name Value$B$21 Net Income Standard $35,000.00

Adjustable Lower Target Upper TargetCell Name Value Limit Result Limit Result

$B$6 Models Ordered Standard 146.6298164 #N/A #N/A 302 42535.45$C$6 Models Ordered Deluxe 241.2977955 #N/A #N/A 241.2977953 35000$D$6 Models Ordered Dual 214.404409 #N/A #N/A 214.4044094 35000$E$6 Models Ordered Extended 254.2977955 #N/A #N/A 254.2977953 35000

7/27/2019 Ex10(Solver2)

5/6

GrillRiteProduct Mix An alys is

Income Analysis Parts Inventory

Variable Expenses Standard Deluxe Dual Extended Description Available Ordered

Models Ordered 146.6298 241.2978 214.4044 254.2978Burner (Main) 1411 856.63

Cost of Parts $96.50 $105.15 $155.20 $178.00 Burner (Side) 957 723Cost of Assembly $10.00 $10.00 $20.00 $25.00 Chassis (Extended) 781 468.702Total Model Cost $106.50 $115.15 $175.20 $203.00 Chassis (Standard) 877 387.928

Total Variable Expenses Control Dial 2671 1820.93Gas Tubing 2321 1579.63

Revenue Standard Deluxe Dual Extended Igniter 2217 1579.63Models Sold 146.6298 241.2978 214.4044 254.2978 Igniter Button 1012 856.63Price per Model $155.00 $175.00 $245.00 $315.00 Rack (Main) 1417 856.63

Total Revenue Rack (Side) 723 723Rack (Top) 710 710

Summary Support Stand 1388 856.63

Total RevenueTotal Variable Expenses Parts Required for Each Model

Total Fixed Expenses Description Standard Deluxe

Net Income Burner (Main) 1 1

Burner (Side) 0 0

Chassis (Extended) 0 0

Find a solution to get Net income $40,000.00 Chassis (Standard) 1 1by changing the no. of Model ordered for Standard, Delux, Dual, Extended Control Dial 1 2

Gas Tubing 1 1

Constraint Igniter 1 1Ordered part should not be more than the available part Igniter Button 1 1

Rack (Main) 1 1

Rack (Side) 0 0

Rack (Top) 0 1

Support Stand 1 1

The formula in cell I6 of the Inventory portion of the worksheet (to calculate the count of the part named Burner (Main)) c

In this way, it can be copied to the rest of the cells in the column.

This is better than writing a new formula for each count because it:

Allows you to use the same formula for each part and reduces the risk of data entry error

Allows the possibility of someday changing the number of parts used for a specific model without having to rewrite the form

$132,587.62

$35,000.00

$197,587.62

$197,587.62$132,587.62

$30,000.00

7/27/2019 Ex10(Solver2)

6/6

Remaining Cost

554.37018 $12.15

234 $8.25

312.2978 $65.25

489.07239 $35.50

850.07239 $2.50

741.37018 $3.50

637.37018 $2.25

155.37018 $5.20

560.37018 $10.30

0 $6.30

0 $6.15

531.37018 $25.10

Dual Extended

1 1

1 2

1 1

0 0

2 3

2 3

2 3

1 1

1 1

1 2

1 1

1 1

n be written in the form =$B$6*H21 +$C$6*I21 +$D$6*J21 +$E$6*K21.

las