GrillRite

Date Created:
Created By:
Purpose:

To determine the product mix of four grill models

that maximizes GrillRite's profit.

Microsoft Excel 11.0 Answer Report

Worksheet: [Ex10(Solver2).xls]Order
Report Created: 7/20/2006 2:38:24 PM

Target Cell (Value Of)

Cell
Name
$B$21 Net Income Standard

Original Value
$40,000.00

Final Value
$35,000.00

Adjustable Cells
Cell
Name
$B$6 Models Ordered Standard
$C$6 Models Ordered Deluxe
$D$6 Models Ordered Dual
$E$6 Models Ordered Extended

Original Value
239.4611132
256.7297987
183.5404026
269.7297987

Final Value
146.6298164
241.2977955
214.404409
254.2977955

Constraints
Cell
Name
$I$6
Burner (Main) Ordered
$I$7
Burner (Side) Ordered
$I$8
Chassis (Extended) Ordered
$I$9
Chassis (Standard) Ordered
$I$10 Control Dial Ordered
$I$11 Gas Tubing Ordered
$I$12 Igniter Ordered
$I$13 Igniter Button Ordered
$I$14 Rack (Main) Ordered
$I$15 Rack (Side) Ordered
$I$16 Rack (Top) Ordered
$I$17 Support Stand Ordered

Cell Value
856.6298164
723
468.7022045
387.9276119
1820.927612
1579.629816
1579.629816
856.6298164
856.6298164
723
710
856.6298164

Formula
$I$6<=$H$6
$I$7<=$H$7
$I$8<=$H$8
$I$9<=$H$9
$I$10<=$H$10
$I$11<=$H$11
$I$12<=$H$12
$I$13<=$H$13
$I$14<=$H$14
$I$15<=$H$15
$I$16<=$H$16
$I$17<=$H$17

Status
Not Binding
Not Binding
Not Binding
Not Binding
Not Binding
Not Binding
Not Binding
Not Binding
Not Binding
Binding
Binding
Not Binding

Slack
554.3701836
234
312.2977955
489.0723881
850.0723881
741.3701836
637.3701836
155.3701836
560.3701836
0
0
531.3701836

Microsoft Excel 11.0 Sensitivity Report

Worksheet: [Ex10(Solver2).xls]Order
Report Created: 7/20/2006 2:38:24 PM

Adjustable Cells
Cell
$B$6
$C$6
$D$6
$E$6

Name
Models Ordered Standard
Models Ordered Deluxe
Models Ordered Dual
Models Ordered Extended

Final
Reduced
Value
Gradient
146.6298164
0
241.2977955
0
214.404409
0
254.2977955
0

Constraints
Cell
$I$6
$I$7
$I$8
$I$9
$I$10
$I$11
$I$12
$I$13
$I$14
$I$15
$I$16
$I$17

Name
Burner (Main) Ordered
Burner (Side) Ordered
Chassis (Extended) Ordered
Chassis (Standard) Ordered
Control Dial Ordered
Gas Tubing Ordered
Igniter Ordered
Igniter Button Ordered
Rack (Main) Ordered
Rack (Side) Ordered
Rack (Top) Ordered
Support Stand Ordered

Final
Lagrange
Value
Multiplier
856.6298164
0
723
0
468.7022045
0
387.9276119
0
1820.927612
0
1579.629816
0
1579.629816
0
856.6298164
0
856.6298164
0
723
0
710
0
856.6298164
0

Microsoft Excel 11.0 Limits Report

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

Target
Cell
Name
$B$21 Net Income Standard

Cell
$B$6
$C$6
$D$6
$E$6

Adjustable
Name
Models Ordered Standard
Models Ordered Deluxe
Models Ordered Dual
Models Ordered Extended

Value
$35,000.00

Value
146.6298164
241.2977955
214.404409
254.2977955

Lower Target
Limit Result
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A

Upper
Target
Limit
Result
302 42535.45
241.2977953
35000
214.4044094
35000
254.2977953
35000

GrillRite
Product Mix Analysis
Income Analysis
Variable Expenses
Models Ordered
Cost of Parts
Cost of Assembly
Total Model Cost
Total Variable Expenses
Revenue
Models Sold
Price per Model
Total Revenue
Summary
Total Revenue
Total Variable Expenses
Total Fixed Expenses
Net Income

Parts Inventory

Standard
Deluxe
146.6298 241.2978
$96.50
$105.15
$10.00
$10.00
$106.50
$115.15
$132,587.62
Standard
Deluxe
146.6298 241.2978
$155.00
$175.00
$197,587.62

Dual
Extended
214.4044 254.2978
$155.20
$178.00
$20.00
$25.00
$175.20
$203.00

Dual
Extended
214.4044 254.2978
$245.00
$315.00

Description

1411

Burner (Side)

957

723

Chassis (Extended)

781

468.702

Chassis (Standard)

877

387.928

Control Dial

2671

1820.93

Gas Tubing

2321

1579.63

Igniter

2217

1579.63

Igniter Button

1012

856.63

Rack (Main)

1417

856.63

Rack (Side)

723

723

Rack (Top)

710

710

1388

856.63

Support Stand

$197,587.62
$132,587.62
$30,000.00
$35,000.00

Find a solution to get Net income $40,000.00

by changing the no. of Model ordered for Standard, Delux, Dual, Extended
Constraint
Ordered part should not be more than the available part

Available Ordered

Burner (Main)

856.63

Parts Required for Each Model

Standard

Deluxe

Burner (Main)

Description

Burner (Side)

Chassis (Extended)

Chassis (Standard)

Control Dial

Gas Tubing

Igniter

Igniter Button

Rack (Main)

Rack (Side)

Rack (Top)

Support Stand

The formula in cell I6 of the Inventory portion of the worksheet (to calculate the count of the part named Burner (Main)) can be written i
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 formulas

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

$6.30

$6.15

531.37018

$25.10

Dual

Extended

ner (Main)) can be written in the form =$B$6*H21 +$C$6*I21 +$D$6*J21 +$E$6*K21.

write the formulas