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| Teaching Since: | Apr 2017 |
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MBA IT, Mater in Science and Technology
Devry
Jul-1996 - Jul-2000
Professor
Devry University
Mar-2010 - Oct-2016
Please do the following points:
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Load the Solver add-in if it is not already loaded. Set the objective to calculate the highest Net Profit possible. |
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Use the units sold as changing variable cells. |
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Use the Limitations section of the spreadsheet model to set a constraint for raw materials. |
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Set a constraint for labor hours. |
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Set a constraint for maximum production capability. |
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Solve the problem. Generate the Answer Report and Keep Solver Solution. |
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Scenario SummaryCurrent Values:Best CaseWorst CaseMost LikelyChanging Cells:$B$4100200100150$B$5$30.00 $30.00 $25.00 $25.00Hourly_Wages2018$15.00 $15.00 $20.00 $15.00Result Cells:Prod_Cost$375.00 $750.00 $500.00 $562.50$B$22$2,625 $5,250 $2,000 $3,188Notes:Current Values column represents values of changing cells atTme Scenario Summary Report was created.Changing cells for eachscenario are highlighted in gray.
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