Using excel solver to maximize profits

BUS 310 Homework 9 and 10 Please download the Homework 9 and 10 Excel file. This file contains all the data required to complete the assignment. Please follow the optimization steps developed in class as well as discussed in the textbook. Complete the problems as indicated in this document. Please set up your model format as seen in class, by using the required model templated located on Blackboard. Problem 1: Use MS Excel and the Solver add-in to solve this problem. Karen’s Konfectionary makes many types of candy bars, however the company’s highest revenue producing bars are Chocolate Crunch and Berry Bars. Chocolate Crunch has a net profit of $0.13 per bar and Berry Bars has a net profit of $0.15 per bar. Marketing says that during the holiday month of December, no more than 1000 Chocolate Crunch bars must be produced and no more than 1200 Berry Bars must be produced. The company has a December supply of 8,000 oz. of chocolate. A Chocolate Crunch requires 3.5 oz. of chocolate for each bar and Berry Bars requires 6 oz. of chocolate for each bar. How many of each candy bars need to be produced? Problem 2: Use MS Excel and the Solver add-in to solve this problem. Steve’s Sporting Goods Supply manufactures numerous popular sporting good products. Marketing has indicated, that during the holiday season, baseballs and software balls are the most popular sellers. The company would like to make as many baseballs and softballs subject to the manufacturing constraints of labor hours, machine time. The company has a limited supply of cork, leather, and nylon; the ball components. The company has 3600 hours of labor, and 2000 minutes of machine time. Each ball type takes 1 minute of machine time. Softballs required 3 hours of labor and baseballs required 2 minutes of labor. The company has 6000 units of leather, 5000 units of nylon, and 5000 units of cork. Each softball requires 6 units of leather, 8 units of nylon, and 10 units of cork. Baseballs require requires 4 units of leather, 3 units of nylon, and 2 units of cork. Software make a net profit per unit of $20 and baseballs make a net profit per unit of $10. How of each ball should the company make? Problem 3: Use MS Excel and the Solver add-in to solve this problem. Mike’s Mazda is a large automotive dealer in Fairfax, Virginia. The dealership sells many Mazda models; however, the Mid-Size SUV and the Compact-Size SUV are the most profitable for Mike’s Mazda. The Mid-Size has a net profit of $480 and the Compact-Size has a net profit of $420. Ford Mazda sets very strict monthly sales quotas on dealerships. Mike’s Mazda is required to sale at least 10 of each model. Mike’s Mazda can sell no more than 50 Mid-Sized and 60 Compact-Size models. The Mid-Size takes out 8 square feet of inventory space and the CompactSize requires 7 square feet. The company has 720 square feet to allocate to these two models. To maximize profit how many of model should the dealership sell? Problem 4: Use MS Excel and the Solver add-in to solve this problem. FredX must deliver many packages during the month of December. The company delivers to three distinct regions, Region I, Region II, and Region III. The cost to deliver a package to Region I is $0.1, to Region II is $0.12, and to Region III is $0.15. The company has a required delivery capacity of 15,000 packages for December. FredX can deliver between 1,000 and 4,000 packages to Region I. FredX can deliver between 2,000 and 8,000 packages to Region II. FredX can delivery between 3,000 and 12,000 packages to Region III.