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    bhanu agarwal
    The document is an Excel report summarizing the results of a solver model that was run to minimize production costs over multiple weeks given demand for shampoo and hand sanitizers, with the objective of minimizing total costs which include production, inventory holding and switching costs between products. The solver found a solution that satisfied all constraints while keeping the total minimum cost at 558.265. Key inputs and outputs of the model are shown including production quantities, inventory levels, costs and constraints.

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    Cell Name Original Value Final Value

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    bhanu agarwal
    12 views7 pages
    The document is an Excel report summarizing the results of a solver model that was run to minimize production costs over multiple weeks given demand for shampoo and hand sanitizers, with the objective of minimizing total costs which include production, inventory holding and switching costs between products. The solver found a solution that satisfied all constraints while keeping the total minimum cost at 558.265. Key inputs and outputs of the model are shown including production quantities, inventory levels, costs and constraints.

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    Q3 HW2.xlsx

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    The document is an Excel report summarizing the results of a solver model that was run to minimize production costs over multiple weeks given demand for shampoo and hand sanitizers, with the objective of minimizing total costs which include production, inventory holding and switching costs between products. The solver found a solution that satisfied all constraints while keeping the total minimum cost at 558.265. Key inputs and outputs of the model are shown including production quantities, inventory levels, costs and constraints.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    12 views7 pages

    Cell Name Original Value Final Value

    Uploaded by

    bhanu agarwal
    The document is an Excel report summarizing the results of a solver model that was run to minimize production costs over multiple weeks given demand for shampoo and hand sanitizers, with the objective of minimizing total costs which include production, inventory holding and switching costs between products. The solver found a solution that satisfied all constraints while keeping the total minimum cost at 558.265. Key inputs and outputs of the model are shown including production quantities, inventory levels, costs and constraints.

    Copyright:

    © All Rights Reserved
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    of 7

    Microsoft Excel 16.

    40 Answer Report
    Worksheet: [Book2]Sheet1
    Report Created: 16/09/20 2:08:54 AM
    Result: Solver found a solution. All constraints and optimality conditions are satisfied.
    Solver Engine
    Engine: Simplex LP
    Solution Time: 197575232.746 Seconds.
    Iterations: 0 Subproblems: 0
    Solver Options
    Max Time Unlimited, Iterations Unlimited, Precision 1E-06
    Max Subproblems Unlimited, Max Integer Sols Unlimited, Integer Tolerance 1%, Assume NonNegative

    Objective Cell (Min)


    Cell Name Original Value Final Value
    $G$33 Minimise y2 558.265 558.265

    Variable Cells
    Cell Name Original Value Final Value Integer
    $F$15 y1 0 0 Binary
    $G$15 y2 0 0 Binary
    $F$16 y1 0 0 Binary
    $G$16 y2 0 0 Binary
    $F$17 y1 0 0 Binary
    $G$17 y2 0 0 Binary
    $F$18 y1 0 0 Binary
    $G$18 y2 0 0 Binary
    $F$19 y1 0 0 Binary
    $G$19 y2 0 0 Binary
    $F$20 y1 0 0 Binary
    $G$20 y2 0 0 Binary
    $F$21 y1 0 0 Binary
    $G$21 y2 0 0 Binary
    $F$22 y1 0 0 Binary
    $G$22 y2 0 0 Binary
    $F$23 y1 0 0 Binary
    $G$23 y2 0 0 Binary

    Constraints
    Cell Name Cell Value Formula Status Slack
    $H$15 y1+y2<=1 $H$15<=1 Not Binding 1
    $H$16 y1+y2<=1 $H$16<=1 Not Binding 1
    $H$17 y1+y2<=1 $H$17<=1 Not Binding 1
    $H$18 y1+y2<=1 $H$18<=1 Not Binding 1
    $H$19 y1+y2<=1 $H$19<=1 Not Binding 1
    $H$20 y1+y2<=1 $H$20<=1 Not Binding 1
    $H$21 y1+y2<=1 $H$21<=1 Not Binding 1
    $H$22 y1+y2<=1 $H$22<=1 Not Binding 1
    $H$23 y1+y2<=1 $H$23<=1 Not Binding 1
    $K$14 HS 125 $K$14>=$N$15 Not Binding 94.6
    $K$15 S 125 $K$15>=$N$16 Not Binding 94.6
    $K$16 S 125 $K$16>=$N$17 Not Binding 101
    $K$17 S 125 $K$17>=$N$18 Not Binding 125
    $K$18 S 125 $K$18>=$N$19 Not Binding 86.6
    $K$19 S 125 $K$19>=$N$20 Not Binding 86.6
    $K$20 S 125 $K$20>=$N$21 Not Binding 78.6
    $K$21 S 125 $K$21>=$N$22 Not Binding 79.4
    $K$22 S 125 $K$22>=$N$23 Not Binding 78.6
    $F$15:$G$23=Binary
    Assume NonNegative
    per week production Production cost Current inventory Cost per unit
    Shampoo (S) 100 225 125 2.25
    Hand Sanitizers (H) 80 310 143 3.875

    y1 =1 if S is produc y2=1 if H is produced


    Week S demand H demand 1 0
    1 55 38 0 0
    2 55 38 1 0
    3 44 30 0 0
    4 0 0 0 1
    5 45 48 1 0
    6 45 48 0 1
    7 36 58 0 1
    8 35 57 1 0
    9 35 58 0 1

    Costs Minimise 1658.600625


    Switiching cost
    Variable cost of production
    inventory
    which line is runing

    Inventory at the end of


    the week starting from
    week 0

    At a time
    either of
    them canbe
    produced Addition in production Production cost S H
    y1+y2<=1 S H 125 143
    0 0 0 0 0 70 105
    1 100 0 225 0 115 67
    0 0 0 0 0 71 37
    1 0 80 0 310 71 117
    1 100 0 225 0 126 69
    1 0 80 0 310 81 101
    1 0 80 0 310 45 123
    1 100 0 225 0 110 66
    1 0 80 0 310 75 88

    4658.60063
    Constraints
    production weekend inventory> 0.8*next week demand
    Switching cost if y11-y12=0 (y11-y12)500
    production cost y1*Pc y2*PC
    Inventory cost 0.195*production cost per unit*inventory at the weekend/12

    Safety stock (0.8*next


    week demand)

    S H Inventory Cost S Inventory Cost H Switching varSwitching cos

    44 30.4 4.5703125 5.2284375 1 500


    44 30.4 2.559375 3.8390625 1 500
    35.2 24 4.2046875 2.4496875 1 500
    0 0 2.5959375 1.3528125 0 0
    36 38.4 2.5959375 4.2778125 1 500
    36 38.4 4.606875 2.5228125 1 500
    28.8 46.4 2.9615625 3.6928125 0 0
    28 45.6 1.6453125 4.4971875 1 500
    28 46.4 4.021875 2.413125
    nventory at the weekend/12

    Weeks production cost

    Excluding switching cost including switching cost

    9.79875 509.79875
    231.3984375 731.3984375
    6.654375 506.654375
    313.94875 313.94875
    231.87375 731.87375
    317.1296875 817.1296875
    316.654375 316.654375
    231.1425 731.1425

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