What is the overall measure of performance for these decisions? The overall measure of performance is the total profit of the three products, so the objective is to maximize this quantity. What are the constraints on these decisions? The constrains here are that the amount of capital and storage used by the products cannot exceed the limited amount of capital and storage resources available.įor example, each bicycle uses units of capital and 0. What are the decisions to be made? For this problem, we need Excel to find out how much to order of each product bicycles, mopeds and child seats. Excel includes a tool called solver that uses techniques from the operations research to find optimal solutions for all kind of decision problems.
0 Comments
Leave a Reply. |