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    Blue Ridge Hot Tubs 2

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    drcwst
    The document contains the results of an optimization model solved with Microsoft Excel Solver to determine the optimal production quantities of Aqua-Spas and Hydro-Luxes hot tubs that maximize total profits given constraints on available resources. The optimal solution was found to be producing 108 Aqua-Spas and 99 Hydro-Luxes for a total profit of $67,500.

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    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd

    Blue Ridge Hot Tubs 2

    Uploaded by

    drcwst
    120 views26 pages
    The document contains the results of an optimization model solved with Microsoft Excel Solver to determine the optimal production quantities of Aqua-Spas and Hydro-Luxes hot tubs that maximize total profits given constraints on available resources. The optimal solution was found to be producing 108 Aqua-Spas and 99 Hydro-Luxes for a total profit of $67,500.

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    The document contains the results of an optimization model solved with Microsoft Excel Solver to determine the optimal production quantities of Aqua-Spas and Hydro-Luxes hot tubs that maximize total profits given constraints on available resources. The optimal solution was found to be producing 108 Aqua-Spas and 99 Hydro-Luxes for a total profit of $67,500.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    120 views26 pages

    Blue Ridge Hot Tubs 2

    Uploaded by

    drcwst
    The document contains the results of an optimization model solved with Microsoft Excel Solver to determine the optimal production quantities of Aqua-Spas and Hydro-Luxes hot tubs that maximize total profits given constraints on available resources. The optimal solution was found to be producing 108 Aqua-Spas and 99 Hydro-Luxes for a total profit of $67,500.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    of 26
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    The report analyzes the optimal production plan for two hot tub models (Aqua-Spas and Hydro-Luxes) to maximize total profits. The production plan is determined using linear programming (LP) with constraints on available resources like tubing, pumps, and labor.

    The initial optimal production plan is 122 Aqua-Spas and 78 Hydro-Luxes with a total profit of $66,100. This plan fully utilizes the available resources of tubing, pumps, and labor.

    The constraints considered are the available tubing, pumps, and labor hours. The production is limited to not exceed these available resources.

    Microsoft Excel 12.0 Answer Report Worksheet: [Blue Ridge Hot Tubs.

    xlsx]Sheet1 Report Created: 04/21/2009 18:38:52 PM Result: Solver found a solution. All constraints and optimality conditions are satisfied. Engine: Standard LP Simplex Solution Time: 00 Seconds Iterations: 2 Subproblems: 0 Incumbent Solutions: 0

    Target Cell (Max) Cell Name $D$6 Unit Profits Total Profit

    Original Value 66100

    Final Value 66100

    Adjustable Cells Cell Name $B$5 Number to Make Aqua-Spas $C$5 Number to Make Hydro-Luxes Constraints Cell Name $D$11 Tubing Req'd Used $D$9 Pumps Req'd Used $D$10 Labor Req's Used $D$11 Tubing Req'd Used

    Original Value 122 78

    Final Value 122 78

    Cell Value Formula 2712 $D$11<=$E$11 200 $D$9<=$E$9 1566 $D$10<=$E$10 2712 $D$11<=$E$11

    conditions are satisfied.

    Status Not Binding Binding Binding Not Binding

    Slack 168 0 0 168

    Microsoft Excel 12.0 Sensitivity Report Worksheet: [Blue Ridge Hot Tubs.xlsx]Sheet1 Report Created: 04/21/2009 18:38:52 PM Target Cell (Max) Cell Name $D$6 Unit Profits Total Profit Adjustable Cells Cell $B$5 $C$5 Name Number to Make Aqua-Spas Number to Make Hydro-Luxes Final Value 122 78 Reduced Cost Objective Coefficient 0 350 0 300

    Final Value 66100

    Constraints Cell $D$11 $D$9 $D$10 $D$11 Name Tubing Req'd Used Pumps Req'd Used Labor Req's Used Tubing Req'd Used Final Value 2712 200 1566 2712 Shadow Price 0 200 16.67 0 Constraint R.H. Side 2880 200 1566 2880

    If allowable increase = 0 , If allowable decrease= 0 , Change in OFV= Change in Shadow prices for nonbind

    Allowable Increase 100 50

    Allowable Decrease 50 66.67

    Allowable Increase 1.00E+030 7 234 1.00E+030

    Allowable Decrease 168 1.00E+030 126 168

    owable increase = 0 , change the objective to Maximize owable decrease= 0 , change the objective to Minimize nge in OFV= Change in RHS *Shadow Price dow prices for nonbinding constraints are always 0.

    Microsoft Excel 12.0Limits Report Worksheet: [Blue Ridge Hot Tubs.xlsx]Sheet1 Report Created: 04/21/2009 18:38:52 PM

    Target Cell Value $D$6 Unit Profits Total Profit

    $66,100

    Adjustable Cell Name $B$5 Number to Make Aqua-Spas $C$5 Number to Make Hydro-Luxes

    Value 122 78

    Lower Limit 0 0

    Target Result $23,400 $42,700

    Upper Limit 122 78

    Target Result $66,100 $66,100

    Microsoft Excel 12.0 Answer Report Worksheet: [Blue Ridge Hot Tubs 2.xls]Sheet1 Report Created: 04/21/2009 18:59:46 PM Result: Solver found a solution. All constraints and optimality conditions are satisfied. Engine: Standard LP Simplex Solution Time: 00 Seconds Iterations: 2 Subproblems: 0 Incumbent Solutions: 0

    Target Cell (Max) Cell Name $D$6 Unit Profits Total Profit

    Original Value 66100

    Final Value 68800

    Adjustable Cells Cell Name $B$5 Number to Make Aqua-Spas $C$5 Number to Make Hydro-Luxes Constraints Cell Name $D$11 Tubing Req'd Used $D$9 Pumps Req'd Used $D$10 Labor Req's Used $D$11 Tubing Req'd Used

    Original Value 122 78

    Final Value 176 24

    Cell Value Formula 2496 $D$11<=$E$11 200 $D$9<=$E$9 1728 $D$10<=$E$10 2496 $D$11<=$E$11

    conditions are satisfied.

    Status Not Binding Binding Binding Not Binding

    Slack 384 0 0 384

    Microsoft Excel 12.0 Sensitivity Report Worksheet: [Blue Ridge Hot Tubs 2.xls]Sheet1 Report Created: 04/21/2009 18:59:46 PM Target Cell (Max) Cell Name $D$6 Unit Profits Total Profit Adjustable Cells Cell $B$5 $C$5 Name Number to Make Aqua-Spas Number to Make Hydro-Luxes Final Value 176 24 Reduced Cost Objective Coefficient 0 350 0 300

    Final Value 68800

    Constraints Cell $D$11 $D$9 $D$10 $D$11 Name Tubing Req'd Used Pumps Req'd Used Labor Req's Used Tubing Req'd Used Final Value 2496 200 1728 2496 Shadow Price 0 200 16.67 0 Constraint R.H. Side 2880 200 1728 2880

    Allowable Increase 100 50

    Allowable Decrease 50 66.67

    Allowable Increase 1.00E+030 16 1.00E+030 1.00E+030

    Allowable Decrease 384 1.00E+030 288 384

    Microsoft Excel 12.0Limits Report Worksheet: [Blue Ridge Hot Tubs 2.xls]Sheet1 Report Created: 04/21/2009 18:59:47 PM

    Target Cell Value $D$6 Unit Profits Total Profit

    $68,800

    Adjustable Cell Name $B$5 Number to Make Aqua-Spas $C$5 Number to Make Hydro-Luxes

    Value 176 24

    Lower Target Limit Result 0 $7,200 0 $61,600

    Upper Limit 176 24

    Target Result $68,800 $68,800

    Microsoft Excel 12.0 Answer Report Worksheet: [Blue Ridge Hot Tubs 2.xls]Sheet1 Report Created: 04/21/2009 19:01:39 PM Result: Solver found a solution. All constraints and optimality conditions are satisfied. Engine: Standard LP Simplex Solution Time: 00 Seconds Iterations: 2 Subproblems: 0 Incumbent Solutions: 0

    Target Cell (Max) Cell Name $D$6 Unit Profits Total Profit

    Original Value 68800

    Final Value 72000

    Adjustable Cells Cell Name $B$5 Number to Make Aqua-Spas $C$5 Number to Make Hydro-Luxes Constraints Cell Name $D$11 Tubing Req'd Used $D$9 Pumps Req'd Used $D$10 Labor Req's Used $D$11 Tubing Req'd Used

    Original Value 176 24

    Final Value 144 72

    Cell Value Formula 2880 $D$11<=$E$11 216 $D$9<=$E$9 1728 $D$10<=$E$10 2880 $D$11<=$E$11

    conditions are satisfied.

    Status Binding Not Binding Binding Binding

    Slack 0 34 0 0

    Microsoft Excel 12.0 Sensitivity Report Worksheet: [Blue Ridge Hot Tubs 2.xls]Sheet1 Report Created: 04/21/2009 19:01:39 PM Target Cell (Max) Cell Name $D$6 Unit Profits Total Profit Adjustable Cells Cell $B$5 $C$5 Name Number to Make Aqua-Spas Number to Make Hydro-Luxes Final Value 144 72 Reduced Cost Objective Coefficient 0 350 0 300

    Final Value 72000

    Constraints Cell $D$11 $D$9 $D$10 $D$11 Name Tubing Req'd Used Pumps Req'd Used Labor Req's Used Tubing Req'd Used Final Value 2880 216 1728 2880 Shadow Price 0 0 27.78 8.33 Constraint R.H. Side 2880 250 1728 2880

    Allowable Increase 100 166.67

    Allowable Decrease 125 66.67

    Allowable Increase 1.00E+030 1.00E+030 612 0

    Allowable Decrease 0 34 1.00E+030 1.00E+030

    Microsoft Excel 12.0Limits Report Worksheet: [Blue Ridge Hot Tubs 2.xls]Sheet1 Report Created: 04/21/2009 19:01:39 PM

    Target Cell Value $D$6 Unit Profits Total Profit

    $72,000

    Adjustable Cell Name $B$5 Number to Make Aqua-Spas $C$5 Number to Make Hydro-Luxes

    Value 144 72

    Lower Limit 0 0

    Target Result $21,600 $50,400

    Upper Limit 144 72

    Target Result $72,000 $72,000

    Microsoft Excel 12.0 Answer Report Worksheet: [Blue Ridge Hot Tubs 2.xls]Sheet1 Report Created: 04/21/2009 19:02:11 PM Result: Solver found a solution. All constraints and optimality conditions are satisfied. Engine: Standard LP Simplex Solution Time: 00 Seconds Iterations: 2 Subproblems: 0 Incumbent Solutions: 0

    Target Cell (Max) Cell Name $D$6 Unit Profits Total Profit

    Original Value 72000

    Final Value 67500

    Adjustable Cells Cell Name $B$5 Number to Make Aqua-Spas $C$5 Number to Make Hydro-Luxes Constraints Cell Name $D$11 Tubing Req'd Used $D$9 Pumps Req'd Used $D$10 Labor Req's Used $D$11 Tubing Req'd Used

    Original Value 144 72

    Final Value 108 99

    Cell Value Formula 2880 $D$11<=$E$11 207 $D$9<=$E$9 1566 $D$10<=$E$10 2880 $D$11<=$E$11

    conditions are satisfied.

    Status Binding Not Binding Binding Binding

    Slack 0 43 0 0

    Microsoft Excel 12.0 Sensitivity Report Worksheet: [Blue Ridge Hot Tubs 2.xls]Sheet1 Report Created: 04/21/2009 19:02:11 PM Target Cell (Max) Cell Name $D$6 Unit Profits Total Profit Adjustable Cells Cell $B$5 $C$5 Name Number to Make Aqua-Spas Number to Make Hydro-Luxes Final Value 108 99 Reduced Cost Objective Coefficient 0 350 0 300

    Final Value 67500

    Constraints Cell $D$11 $D$9 $D$10 $D$11 Name Tubing Req'd Used Pumps Req'd Used Labor Req's Used Tubing Req'd Used Final Value 2880 207 1566 2880 Shadow Price 0 0 27.78 8.33 Constraint R.H. Side 2880 250 1566 2880

    Allowable Increase 100 166.67

    Allowable Decrease 125 66.67

    Allowable Increase 1.00E+030 1.00E+030 774 0

    Allowable Decrease 0 43 1.00E+030 1.00E+030

    Microsoft Excel 12.0Limits Report Worksheet: [Blue Ridge Hot Tubs 2.xls]Sheet1 Report Created: 04/21/2009 19:02:11 PM

    Target Cell Value $D$6 Unit Profits Total Profit

    $67,500

    Adjustable Cell Name $B$5 Number to Make Aqua-Spas $C$5 Number to Make Hydro-Luxes

    Value 108 99

    Lower Limit 0 0

    Target Result $29,700 $37,800

    Upper Limit 108 99

    Target Result $67,500 $67,500

    Blue Ridge Hot Tubs


    Aqua-Spas
    Number to Make Unit Profits Constraints Pumps Req'd Labor Req's Tubing Req'd 108 $350

    Hydro-Luxes
    99 Total Profit $300 $67,500

    Used
    1 9 12 1 6 16 207 1566 2880

    Available
    250 1566 2880

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