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Module 8: End of Module Project 1

Description

  1. Madhu Patel is a sales analyst for Four Winds Energy, a manufacturer of wind energy products, in San Antonio, Texas. Madhu is developing a workbook to analyze the profitability of the company's wind turbines. She asks you to help her analyze the sales data to determine how the company can increase profits. Go to the Income Analysis worksheet.. In the range E5:H14, create a one-variable data table using cell C5 as the Column input cell, to calculate the revenue, expenses, and net income based on units sold.
  2. Madhu asks you to provide a visual representation of the break-even data. Create a Scatter with Straight Lines chart based on the units sold, revenue, and expenses in the data table (range E4:G14). Resize and position the chart so it covers the range I3:N15.
  3. Madhu wants to clarify the purpose of the chart and focus on the areas containing data. Use Break-Even Point as the chart title. Change the Minimum bound of the horizontal axis to 2,500 and let the Maximum bound adjust automatically. Change the Minimum bound of the vertical axis to 2,000,000 and let the Maximum bound adjust automatically.
  4. Madhu also wants to examine how varying sales price and volume affects net income from wind turbines... For the range E18:J27, create a two-variable data table using the price per unit (cell C6) as the Row input cell and the units sold (cell C5) as the Column input cell. In cell E18, create a custom number format that displays "Units Sold" instead of the net income value.
  5. Madhu has also created two scenarios in the Income Analysis worksheet. The Current scenario assumes the current values for units sold, price, and fixed expenses (salaries and benefits, distribution, and miscellaneous). The Lower Price scenario assumes more units sold at a lower price. She also wants to create a scenario that assumes fewer units sold at a higher price. Create a scenario using the data shown in bold in Table 1 without applying any scenarios. Table 1: Income Analysis Scenario Values

Scenario name Raise Price Changing cells C5:C6, C18:C20 Units_sold (C5) 4500 Price_per_unit (C6) 1239 Salaries_and_benefits (C18) 800000 Distribution (C19) 510000 Miscellaneous (C20) 300000

  1. Use the Scenario Manager to create a Scenario Summary report that summarizes the effect of the Current, Lower Price, and Raise Price scenarios. Use the total revenue, total expenses, and net income in the range C24:C26 as the result cells. Go to the Scenario Summary worksheet and delete column D, which repeats the current values.
  2. Return to the Income Analysis worksheet. Create a Scenario PivotTable report of the three scenarios displaying the total revenue, total expenses, and net income (range C24:C26) for each scenario.
  3. Go to the Scenario PivotTable worksheet. Madhu wants to make the PivotTable easier to interpret. Remove the filter from the PivotTable. Use Total Revenue as the row label in cell B3, use Total Expenses as the row label in cell C3, and use Net Income as the row label in cell D3.. Resize columns B:D to their best fit using AutoFit.
  4. Madhu also wants to compare the three scenarios in a chart. Create a Clustered Column PivotChart based on the PivotTable. Resize and position the chart so it covers the range A8:E24.
  5. Go to the Product Line worksheet, which lists three wind turbines that Four Winds Energy produces and sells. Madhu wants to find the product mix that generates the most net income for the company. Use Solver to maximize the percentage of difference between the even and optimal product mixes (cell F23) by changing the optimal product mix (range C10:E10) subject to the following constraints: · The total units sold in the optimal product mix (cell D18) must be 4,750. · The company needs to produce 1,200 or more of each turbine model, so the optimal mix values for each model (range C10:E10) must be at least 1,200. · Those same values in the range C10:E10 must be integers. The Remaining values for each assembled part (range J5:J13) must be greater than or equal to zero..
  6. Run Solver, keep the solution, and then return to the Solver Parameters dialog box. Save the model to the range H17:H24, and then close the Solver Parameters dialog box.

#cengage #solutions


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Transcript

1 00:00:02,340 --> 00:00:07,500 all right so this modulate in the flow

2 00:00:04,860 --> 00:00:09,300 in the module project one so right of

3 00:00:07,500 --> 00:00:11,880 the bat make sure you change your

4 00:00:09,300 --> 00:00:14,519 project name to underscore 2 because

5 00:00:11,880 --> 00:00:17,640 while we make reports in the further

6 00:00:14,519 --> 00:00:19,380 step and it will generate the name of

7 00:00:17,640 --> 00:00:21,660 the file and while you submit the file

8 00:00:19,380 --> 00:00:23,699 to the same gauge it might show here so

9 00:00:21,660 --> 00:00:27,240 make sure you change the name and then

10 00:00:23,699 --> 00:00:29,760 make sure you add the solver add-in

11 00:00:27,240 --> 00:00:32,940 okay so step one it is saying mother

12 00:00:29,760 --> 00:00:35,579 Patel is a sales analyst for foreign

13 00:00:32,940 --> 00:00:38,180 energy and go to income analysis

14 00:00:35,579 --> 00:00:41,160 worksheet so on the bottom click here

15 00:00:38,180 --> 00:00:43,440 which leads the revenue and expenses for

16 00:00:41,160 --> 00:00:45,780 the this one turbine and calculated the

17 00:00:43,440 --> 00:00:47,940 net income or the one to compare the

18 00:00:45,780 --> 00:00:50,160 financial outcome for better any varying

19 00:00:47,940 --> 00:00:52,860 amount of turbines sold and identify the

20 00:00:50,160 --> 00:00:56,820 number of units the company need to sell

21 00:00:52,860 --> 00:00:59,100 to break even modu has already entered

22 00:00:56,820 --> 00:01:01,920 formula in the range E5 through S5 to

23 00:00:59,100 --> 00:01:05,640 extract data from the income analysis in

24 00:01:01,920 --> 00:01:11,100 the range V4 through c26 in the range as

25 00:01:05,640 --> 00:01:13,380 5 through S14 or E5 through as 14 so

26 00:01:11,100 --> 00:01:15,540 okay E5

27 00:01:13,380 --> 00:01:19,619 through as 14

28 00:01:15,540 --> 00:01:22,140 it is saying create a one variable data

29 00:01:19,619 --> 00:01:24,479 table using cell S5 as the column input

30 00:01:22,140 --> 00:01:25,740 cell to calculate the revenue expenses

31 00:01:24,479 --> 00:01:28,320 and okay

32 00:01:25,740 --> 00:01:30,979 so here it is saying one variable data

33 00:01:28,320 --> 00:01:33,840 table for that go to data tab groups

34 00:01:30,979 --> 00:01:36,360 data Tab and then under the forecast

35 00:01:33,840 --> 00:01:39,200 group here is what if analysis click

36 00:01:36,360 --> 00:01:42,720 here and then go to data table

37 00:01:39,200 --> 00:01:46,020 so it is saying in this is create using

38 00:01:42,720 --> 00:01:48,560 C5 as the column input cell okay so

39 00:01:46,020 --> 00:01:52,920 column input cell as

40 00:01:48,560 --> 00:01:54,840 C5 to calculate Revenue expenses okay

41 00:01:52,920 --> 00:01:57,299 now hit OK

42 00:01:54,840 --> 00:01:59,460 all right so Step One is down now it is

43 00:01:57,299 --> 00:02:01,860 saying modu asked you to provide a

44 00:01:59,460 --> 00:02:04,259 visual representation of the break even

45 00:02:01,860 --> 00:02:06,360 data create a scatter with straight

46 00:02:04,259 --> 00:02:09,720 lines are based on the unit sold revenue

47 00:02:06,360 --> 00:02:11,760 and expenses in the data table range E4

48 00:02:09,720 --> 00:02:18,120 through z12

49 00:02:11,760 --> 00:02:19,800 okay so from E4 through g12 or G14 so

50 00:02:18,120 --> 00:02:22,140 z14

51 00:02:19,800 --> 00:02:25,379 already saying scattered with state line

52 00:02:22,140 --> 00:02:27,620 chart so for that go to insert and then

53 00:02:25,379 --> 00:02:30,780 here is the chart

54 00:02:27,620 --> 00:02:33,660 so let's go to recommended chart

55 00:02:30,780 --> 00:02:35,459 and then click on all that Tab and then

56 00:02:33,660 --> 00:02:37,500 it was saying scattered

57 00:02:35,459 --> 00:02:39,180 okay and then it was saying straight

58 00:02:37,500 --> 00:02:41,160 lines

59 00:02:39,180 --> 00:02:42,180 so this is with marker so this is

60 00:02:41,160 --> 00:02:43,680 straight line

61 00:02:42,180 --> 00:02:46,140 oh let's say this is the required one

62 00:02:43,680 --> 00:02:48,120 and then hit OK

63 00:02:46,140 --> 00:02:49,739 and then it is saying resize and

64 00:02:48,120 --> 00:02:56,660 reposition the search so it covered the

65 00:02:49,739 --> 00:02:56,660 range I 3 through 9 n 15. all right so

66 00:02:57,360 --> 00:03:03,840 i3

67 00:03:00,060 --> 00:03:08,099 through and 15.

68 00:03:03,840 --> 00:03:11,400 okay so let's make sure oops

69 00:03:08,099 --> 00:03:13,640 this is I3

70 00:03:11,400 --> 00:03:17,060 and then

71 00:03:13,640 --> 00:03:17,060 15 okay

72 00:03:17,819 --> 00:03:22,140 so this is n 15.

73 00:03:21,000 --> 00:03:24,000 all right

74 00:03:22,140 --> 00:03:25,980 now

75 00:03:24,000 --> 00:03:28,620 step three designing other one to

76 00:03:25,980 --> 00:03:31,019 clarify the purpose of that and focus on

77 00:03:28,620 --> 00:03:34,980 the UI containing data use Break Even

78 00:03:31,019 --> 00:03:36,180 Point as the chart title okay so double

79 00:03:34,980 --> 00:03:38,900 click

80 00:03:36,180 --> 00:03:42,840 and then it wants

81 00:03:38,900 --> 00:03:44,580 break gas even and then fight

82 00:03:42,840 --> 00:03:47,280 change the minimum bound of the

83 00:03:44,580 --> 00:03:49,319 horizontal axis okay so for that click

84 00:03:47,280 --> 00:03:51,360 floss and then

85 00:03:49,319 --> 00:03:53,459 and just click any of these and then

86 00:03:51,360 --> 00:03:55,200 click more options and then this section

87 00:03:53,459 --> 00:03:56,700 will have error you can double click

88 00:03:55,200 --> 00:03:58,799 double click on the chart in this

89 00:03:56,700 --> 00:04:00,959 section will have here so it is saying

90 00:03:58,799 --> 00:04:03,480 change minimum bound of horizontal axis

91 00:04:00,959 --> 00:04:06,299 so for that click on this drop down and

92 00:04:03,480 --> 00:04:08,220 then click horizontal value axis and

93 00:04:06,299 --> 00:04:09,959 then click on this icon access option

94 00:04:08,220 --> 00:04:12,540 and then click on access option drop

95 00:04:09,959 --> 00:04:15,959 down and everything change minimum bound

96 00:04:12,540 --> 00:04:18,600 so minimum bound it is zero so it sends

97 00:04:15,959 --> 00:04:22,040 it to 2500 and it is saying let the

98 00:04:18,600 --> 00:04:24,419 maximum bound at this automatically okay

99 00:04:22,040 --> 00:04:26,699 change the minimum bound of the vertical

100 00:04:24,419 --> 00:04:30,419 axis so

101 00:04:26,699 --> 00:04:32,580 for vertical axis so same thing go to

102 00:04:30,419 --> 00:04:35,100 axis option drop down and then it is

103 00:04:32,580 --> 00:04:37,139 saying change the minimum bound

104 00:04:35,100 --> 00:04:39,960 to

105 00:04:37,139 --> 00:04:42,740 2 and then one two three four five six

106 00:04:39,960 --> 00:04:45,540 or two million and then hit enter okay

107 00:04:42,740 --> 00:04:49,560 now step forward is saying model also

108 00:04:45,540 --> 00:04:51,720 wants to examine how berang sales price

109 00:04:49,560 --> 00:04:54,300 and volume effect net income from wind

110 00:04:51,720 --> 00:04:56,820 turbine she has already entered the net

111 00:04:54,300 --> 00:04:59,820 income in cell E18

112 00:04:56,820 --> 00:04:59,820 27

113 00:05:00,780 --> 00:05:03,300 so

114 00:05:02,750 --> 00:05:05,300 [Music]

115 00:05:03,300 --> 00:05:05,300 um

116 00:05:05,580 --> 00:05:09,780 okay so from here

117 00:05:07,740 --> 00:05:11,699 to j27

118 00:05:09,780 --> 00:05:13,440 so from here to here

119 00:05:11,699 --> 00:05:16,320 it is saying

120 00:05:13,440 --> 00:05:19,979 uh created two variable data table using

121 00:05:16,320 --> 00:05:21,240 the price per unit C6 as so same thing

122 00:05:19,979 --> 00:05:24,120 go to

123 00:05:21,240 --> 00:05:26,400 data Tab and then under

124 00:05:24,120 --> 00:05:29,280 oops under forecast group where is what

125 00:05:26,400 --> 00:05:31,139 if analysis and then go to data table so

126 00:05:29,280 --> 00:05:32,820 now it is two variables so we need to

127 00:05:31,139 --> 00:05:35,580 input we want to interpose row and

128 00:05:32,820 --> 00:05:38,940 column value so for

129 00:05:35,580 --> 00:05:43,680 for row input cell it is saying C6 okay

130 00:05:38,940 --> 00:05:46,680 C6 and then for column input cell

131 00:05:43,680 --> 00:05:48,300 okay as row input cell and then C5 has

132 00:05:46,680 --> 00:05:51,060 column

133 00:05:48,300 --> 00:05:55,100 so insulating create a question okay so

134 00:05:51,060 --> 00:05:55,100 after this we'll do that here okay

135 00:06:01,340 --> 00:06:07,800 instead of this okay so into display

136 00:06:04,199 --> 00:06:09,360 unit zone so right click and then format

137 00:06:07,800 --> 00:06:11,940 cell

138 00:06:09,360 --> 00:06:16,440 okay and then click on this custom tab

139 00:06:11,940 --> 00:06:20,100 under category group and then

140 00:06:16,440 --> 00:06:22,280 oops let's scroll okay otherwise you

141 00:06:20,100 --> 00:06:26,639 just click here and then delete

142 00:06:22,280 --> 00:06:30,240 this and then under quotation type units

143 00:06:26,639 --> 00:06:33,840 sold so units and then sold and then

144 00:06:30,240 --> 00:06:36,360 quotation mark and then click ok so this

145 00:06:33,840 --> 00:06:38,880 will change the unit is sold so after

146 00:06:36,360 --> 00:06:40,979 that in step 5 it is saying model has

147 00:06:38,880 --> 00:06:42,780 created two scenarios in the income

148 00:06:40,979 --> 00:06:43,979 analysis work so we are on the same

149 00:06:42,780 --> 00:06:46,800 worksheet

150 00:06:43,979 --> 00:06:49,139 now so the current Cinema scenario

151 00:06:46,800 --> 00:06:51,780 assumes the current value for unisol

152 00:06:49,139 --> 00:06:54,360 price and fix expenses the lower price

153 00:06:51,780 --> 00:06:56,759 scenario as in small units sold as a

154 00:06:54,360 --> 00:06:58,860 lower price you also want to create a

155 00:06:56,759 --> 00:07:01,020 scenario that assumes fewer unit sold at

156 00:06:58,860 --> 00:07:03,780 a higher price okay so create a scenario

157 00:07:01,020 --> 00:07:06,600 using the data shown in bold in table

158 00:07:03,780 --> 00:07:09,960 one without applying any scenarios okay

159 00:07:06,600 --> 00:07:11,940 so we need to insert this scenario so it

160 00:07:09,960 --> 00:07:14,759 is instated that she already created two

161 00:07:11,940 --> 00:07:17,100 scenarios so let's look go to data Tab

162 00:07:14,759 --> 00:07:19,020 and then again forecast group what if

163 00:07:17,100 --> 00:07:21,000 analysis and then this time go to

164 00:07:19,020 --> 00:07:23,819 scenario manager option

165 00:07:21,000 --> 00:07:28,080 so as you can see here is current and

166 00:07:23,819 --> 00:07:30,800 lower price scenario now it want to add

167 00:07:28,080 --> 00:07:33,360 so here is the scenario name raise price

168 00:07:30,800 --> 00:07:36,900 so enter that

169 00:07:33,360 --> 00:07:39,419 race price and then changing sales will

170 00:07:36,900 --> 00:07:44,039 be C5 through C6 and then c18 through

171 00:07:39,419 --> 00:07:46,860 C20 so this is done now hit ok now unit

172 00:07:44,039 --> 00:07:51,440 sold will be 4500

173 00:07:46,860 --> 00:07:53,340 so 4500 and then price per units will be

174 00:07:51,440 --> 00:07:57,419 12.39

175 00:07:53,340 --> 00:08:00,419 and then sales and benefits will be

176 00:07:57,419 --> 00:08:03,419 how many zero are there

177 00:08:00,419 --> 00:08:06,419 okay so 800 000.

178 00:08:03,419 --> 00:08:09,419 so 800 and then three

179 00:08:06,419 --> 00:08:13,380 okay and distribution is

180 00:08:09,419 --> 00:08:16,259 five one zero zero zero zero okay

181 00:08:13,380 --> 00:08:21,720 and then this will be three zero zero

182 00:08:16,259 --> 00:08:25,440 zero zero okay and then hit okay

183 00:08:21,720 --> 00:08:28,440 after that's close this model and then

184 00:08:25,440 --> 00:08:30,479 go to step 6 say design use the scenario

185 00:08:28,440 --> 00:08:33,240 manager to create a scenario summary

186 00:08:30,479 --> 00:08:35,520 report that summarizes the effect of

187 00:08:33,240 --> 00:08:39,000 current lower price and raise prices

188 00:08:35,520 --> 00:08:42,300 raise price scenario so we just created

189 00:08:39,000 --> 00:08:45,660 this in step five Knight one two make

190 00:08:42,300 --> 00:08:48,000 the report okay so use the total revenue

191 00:08:45,660 --> 00:08:51,480 total expenses and net income in the

192 00:08:48,000 --> 00:08:52,860 range C 24 through c26 as a result sale

193 00:08:51,480 --> 00:08:55,080 okay

194 00:08:52,860 --> 00:08:56,820 so for that again go to data Tab and

195 00:08:55,080 --> 00:08:59,100 then on the forecast group there is what

196 00:08:56,820 --> 00:09:01,320 if analysis click here and then go to

197 00:08:59,100 --> 00:09:03,839 scenario manager so we have we have all

198 00:09:01,320 --> 00:09:05,459 three scenario now go to summary

199 00:09:03,839 --> 00:09:08,640 and then

200 00:09:05,459 --> 00:09:09,800 so it wants a summary summary report

201 00:09:08,640 --> 00:09:12,720 [Music]

202 00:09:09,800 --> 00:09:18,860 step six yeah summary report and then

203 00:09:12,720 --> 00:09:18,860 the result CLR c24 through c26 okay

204 00:09:21,480 --> 00:09:28,440 let me close this and then go to summary

205 00:09:25,320 --> 00:09:32,540 and then scenario summary and then

206 00:09:28,440 --> 00:09:35,940 delete this and then enter c24 through

207 00:09:32,540 --> 00:09:38,399 c26 as the result those sales go to the

208 00:09:35,940 --> 00:09:40,620 scenario somebody works it and okay so

209 00:09:38,399 --> 00:09:42,959 now hit OK

210 00:09:40,620 --> 00:09:45,660 it will take some time so after this it

211 00:09:42,959 --> 00:09:48,600 will take us to this step scenario

212 00:09:45,660 --> 00:09:50,640 summary worksheet now it is saying go to

213 00:09:48,600 --> 00:09:52,680 this worksheet and delete column D which

214 00:09:50,640 --> 00:09:54,180 repeats the current values yeah it

215 00:09:52,680 --> 00:09:56,760 repeats the color value so click on

216 00:09:54,180 --> 00:09:59,880 column T and then right click and then

217 00:09:56,760 --> 00:10:02,700 choose the delete option okay

218 00:09:59,880 --> 00:10:05,399 now go to scenario pivot table worksheet

219 00:10:02,700 --> 00:10:07,680 okay

220 00:10:05,399 --> 00:10:10,440 oops return to income so we are on step

221 00:10:07,680 --> 00:10:12,540 7 return to income analysis worksheet so

222 00:10:10,440 --> 00:10:15,000 this works it and you can create a

223 00:10:12,540 --> 00:10:16,620 scenario people table report okay so

224 00:10:15,000 --> 00:10:18,720 this time people table report of the

225 00:10:16,620 --> 00:10:21,360 three scenario displaying total revenue

226 00:10:18,720 --> 00:10:23,519 total expenses and net income again go

227 00:10:21,360 --> 00:10:25,560 to data Tab and then all under forecast

228 00:10:23,519 --> 00:10:28,260 group there is vertical analysis click

229 00:10:25,560 --> 00:10:29,760 scenario manager and then again go to

230 00:10:28,260 --> 00:10:31,380 summary but this time instead of

231 00:10:29,760 --> 00:10:33,180 scenario somewhere it wants scenario

232 00:10:31,380 --> 00:10:38,279 pivot table report

233 00:10:33,180 --> 00:10:42,000 okay so select this and then range so

234 00:10:38,279 --> 00:10:44,820 range c24 through c26 okay so hit okay

235 00:10:42,000 --> 00:10:47,579 now it will take this take us to this

236 00:10:44,820 --> 00:10:49,860 tab scenario people table worksheet

237 00:10:47,579 --> 00:10:51,720 now it is saying go to scenario people

238 00:10:49,860 --> 00:10:53,940 worksheets so okay we are in the same

239 00:10:51,720 --> 00:10:55,680 worksheet and say mother wants to make

240 00:10:53,940 --> 00:10:57,480 the pivot table easier to interpret

241 00:10:55,680 --> 00:11:00,300 remove the filter from the pivot table

242 00:10:57,480 --> 00:11:02,640 okay so this is the filter so just right

243 00:11:00,300 --> 00:11:05,940 click and then remove

244 00:11:02,640 --> 00:11:09,959 all right now it is saying

245 00:11:05,940 --> 00:11:15,120 and then use total revenue as okay so

246 00:11:09,959 --> 00:11:18,720 these are the row level in V3 so P3

247 00:11:15,120 --> 00:11:20,399 change these two total oops

248 00:11:18,720 --> 00:11:22,079 total revenue

249 00:11:20,399 --> 00:11:24,959 okay

250 00:11:22,079 --> 00:11:26,640 and then use total expenses as row level

251 00:11:24,959 --> 00:11:30,000 so

252 00:11:26,640 --> 00:11:31,800 to relax which is in here

253 00:11:30,000 --> 00:11:36,800 again

254 00:11:31,800 --> 00:11:36,800 total expenses and then foreign

255 00:11:39,420 --> 00:11:44,880 make I capital okay noticing display

256 00:11:42,480 --> 00:11:47,100 Revenue expenses and net income value in

257 00:11:44,880 --> 00:11:49,019 the currency number format with no

258 00:11:47,100 --> 00:11:50,480 decimal places okay so these are the

259 00:11:49,019 --> 00:11:53,459 value make sure you select everything

260 00:11:50,480 --> 00:11:57,000 and then go to Home tab and under number

261 00:11:53,459 --> 00:12:00,480 groups click this expand Arrow

262 00:11:57,000 --> 00:12:04,079 and then under category group go to

263 00:12:00,480 --> 00:12:06,899 currency tab and then decimal place it

264 00:12:04,079 --> 00:12:08,820 one and no decimal place so make it zero

265 00:12:06,899 --> 00:12:11,100 and then for negative numbers here is

266 00:12:08,820 --> 00:12:12,360 the section for negative numbers it want

267 00:12:11,100 --> 00:12:15,480 this red

268 00:12:12,360 --> 00:12:18,720 red and enclosion parenthesis okay

269 00:12:15,480 --> 00:12:21,360 select that and then hit OK

270 00:12:18,720 --> 00:12:23,760 all right noticing resize column B

271 00:12:21,360 --> 00:12:27,120 through D to their base fit using out of

272 00:12:23,760 --> 00:12:30,540 it okay so select p through D and then

273 00:12:27,120 --> 00:12:33,420 right click and then search auto feed

274 00:12:30,540 --> 00:12:34,920 out of its selection okay or you can

275 00:12:33,420 --> 00:12:36,420 just double click on here and then

276 00:12:34,920 --> 00:12:39,480 double click on here and it will auto

277 00:12:36,420 --> 00:12:41,399 fit it all right now step 9 it is saying

278 00:12:39,480 --> 00:12:43,260 model also want to compare the three

279 00:12:41,399 --> 00:12:45,600 scenario in a chart create a clustered

280 00:12:43,260 --> 00:12:47,459 column column keyword chart based on

281 00:12:45,600 --> 00:12:51,120 pivot table okay so click on this pivot

282 00:12:47,459 --> 00:12:52,860 table and then go to insert and then it

283 00:12:51,120 --> 00:12:55,860 was saying clustered

284 00:12:52,860 --> 00:12:55,860 foreign

285 00:13:03,260 --> 00:13:07,560 so that it covers the range A8 through

286 00:13:06,180 --> 00:13:10,440 e24

287 00:13:07,560 --> 00:13:13,980 so here's the eight

288 00:13:10,440 --> 00:13:17,839 and then e 24

289 00:13:13,980 --> 00:13:17,839 okay make sure everyone the 24

290 00:13:20,040 --> 00:13:23,459 okay

291 00:13:21,300 --> 00:13:25,980 so e24 already

292 00:13:23,459 --> 00:13:28,320 now step 10 it is saying go to the

293 00:13:25,980 --> 00:13:30,540 product line worksheet okay

294 00:13:28,320 --> 00:13:32,220 this income analysis and then product

295 00:13:30,540 --> 00:13:35,180 line okay

296 00:13:32,220 --> 00:13:38,459 which list three wind turbine that four

297 00:13:35,180 --> 00:13:40,680 winding okay mother wants to find the

298 00:13:38,459 --> 00:13:43,079 product mix that generates the most net

299 00:13:40,680 --> 00:13:44,760 income for the company use solver to

300 00:13:43,079 --> 00:13:47,700 maximize the percentage of the

301 00:13:44,760 --> 00:13:50,180 difference between the even and optimal

302 00:13:47,700 --> 00:13:52,920 product mixes so

303 00:13:50,180 --> 00:13:55,320 cl23 so for this we need to use solver

304 00:13:52,920 --> 00:13:58,320 so for that go to data Tab and then

305 00:13:55,320 --> 00:14:00,899 under analyze there should be solver

306 00:13:58,320 --> 00:14:02,459 so if you don't have solver just search

307 00:14:00,899 --> 00:14:05,279 add-ins

308 00:14:02,459 --> 00:14:07,320 from this Source tab click on add-ins

309 00:14:05,279 --> 00:14:09,240 and then make sure you check mark this

310 00:14:07,320 --> 00:14:10,860 and then hit okay or you can follow the

311 00:14:09,240 --> 00:14:12,180 instruction it is given on the top of

312 00:14:10,860 --> 00:14:16,620 this instruction

313 00:14:12,180 --> 00:14:19,800 Word file let's show click on the solver

314 00:14:16,620 --> 00:14:23,579 now it is saying so you have 23 so

315 00:14:19,800 --> 00:14:26,579 objectives will be F 23 and then by

316 00:14:23,579 --> 00:14:29,100 changing the optimal product mix so okay

317 00:14:26,579 --> 00:14:31,920 so by changing this so first lady saying

318 00:14:29,100 --> 00:14:34,260 to maximize so make sure you click on

319 00:14:31,920 --> 00:14:36,480 maximize and then by changing the

320 00:14:34,260 --> 00:14:39,899 optical product mix so

321 00:14:36,480 --> 00:14:43,079 by changing this variable so yours will

322 00:14:39,899 --> 00:14:45,240 be C 10 through E10

323 00:14:43,079 --> 00:14:47,160 okay so now subject to the following

324 00:14:45,240 --> 00:14:48,000 constant so we need to add constraint

325 00:14:47,160 --> 00:14:49,980 here

326 00:14:48,000 --> 00:14:53,720 by following this it is saying the total

327 00:14:49,980 --> 00:14:58,560 units sold in the optimal product mix so

328 00:14:53,720 --> 00:15:00,779 cld18 must be must be equal to 4750

329 00:14:58,560 --> 00:15:04,139 so

330 00:15:00,779 --> 00:15:07,800 four seven five zero so hit add

331 00:15:04,139 --> 00:15:09,240 and then cell reference must be oops

332 00:15:07,800 --> 00:15:11,459 d18

333 00:15:09,240 --> 00:15:14,220 and then it is saying must be so that

334 00:15:11,459 --> 00:15:18,420 must be equals to and then constant will

335 00:15:14,220 --> 00:15:21,120 be four seven five Jill and then hit and

336 00:15:18,420 --> 00:15:24,000 then going to add others also yeah I'm

337 00:15:21,120 --> 00:15:27,019 going to add others so click on ADD

338 00:15:24,000 --> 00:15:30,480 after using the company needs to produce

339 00:15:27,019 --> 00:15:33,180 1200 or more of each turbine model so

340 00:15:30,480 --> 00:15:36,420 the optimal mix value for each model

341 00:15:33,180 --> 00:15:40,800 I'll range C 10 through E10 must be at

342 00:15:36,420 --> 00:15:43,740 least 1200 okay so C 10 through 18 must

343 00:15:40,800 --> 00:15:48,360 be at least 1200 that means must be

344 00:15:43,740 --> 00:15:51,779 greater than or equals to 1200 so 1200

345 00:15:48,360 --> 00:15:54,540 and then those same value in the range C

346 00:15:51,779 --> 00:15:56,519 10 through 18 must be integer okay so we

347 00:15:54,540 --> 00:16:01,860 need to add another constant also so

348 00:15:56,519 --> 00:16:03,600 again E 10 through C 10 through 18 must

349 00:16:01,860 --> 00:16:05,339 be integer so again click on this drop

350 00:16:03,600 --> 00:16:07,620 down and here is the hint

351 00:16:05,339 --> 00:16:11,399 and then it fill the integer

352 00:16:07,620 --> 00:16:13,500 okay now after that hit OK so all three

353 00:16:11,399 --> 00:16:15,899 constraints are added here now it is

354 00:16:13,500 --> 00:16:18,620 saying the remaining value for each

355 00:16:15,899 --> 00:16:21,660 assemble part range J5

356 00:16:18,620 --> 00:16:23,880 j13 must be greater than or equals to

357 00:16:21,660 --> 00:16:25,320 zero okay

358 00:16:23,880 --> 00:16:29,339 so again we need to add another

359 00:16:25,320 --> 00:16:33,600 constraint so this time with J5

360 00:16:29,339 --> 00:16:35,940 through J 13 and then must be greater

361 00:16:33,600 --> 00:16:37,440 than equals to zero okay so greater than

362 00:16:35,940 --> 00:16:39,980 or equals to

363 00:16:37,440 --> 00:16:39,980 okay

364 00:16:40,440 --> 00:16:45,779 sorry whether it is saying run the

365 00:16:42,240 --> 00:16:49,380 solver okay so click on so make sure it

366 00:16:45,779 --> 00:16:52,440 is you have 23 and then okay

367 00:16:49,380 --> 00:16:54,360 so run the solver

368 00:16:52,440 --> 00:16:56,639 and then it is saying keep the solution

369 00:16:54,360 --> 00:16:58,920 so keep the server solution make sure

370 00:16:56,639 --> 00:17:01,259 you check mark this click on this and

371 00:16:58,920 --> 00:17:05,160 then it is saying and then return to the

372 00:17:01,259 --> 00:17:07,260 solver solver parameter okay so make

373 00:17:05,160 --> 00:17:09,020 sure you click on this check mark and

374 00:17:07,260 --> 00:17:11,880 then hit OK

375 00:17:09,020 --> 00:17:16,260 and it is saying save the model to the

376 00:17:11,880 --> 00:17:18,780 range as at 17 through s24 so as 17

377 00:17:16,260 --> 00:17:20,280 through s24 click on this load slash

378 00:17:18,780 --> 00:17:22,559 save option

379 00:17:20,280 --> 00:17:26,400 and then

380 00:17:22,559 --> 00:17:29,160 I'll be with this and then select f17

381 00:17:26,400 --> 00:17:32,900 through as 24.

382 00:17:29,160 --> 00:17:36,720 okay so click on Save

383 00:17:32,900 --> 00:17:40,020 and then close this dialog box

384 00:17:36,720 --> 00:17:43,799 okay now it saved the solver is a linear

385 00:17:40,020 --> 00:17:47,960 okay so let's check our result

386 00:17:43,799 --> 00:17:47,960 so scenario summary oops

387 00:17:48,799 --> 00:17:54,299 okay so this is right and then scenario

388 00:17:52,320 --> 00:17:58,020 pivot table worksheet

389 00:17:54,299 --> 00:18:01,500 okay so this is also right

390 00:17:58,020 --> 00:18:04,500 make sure you place this chart in in the

391 00:18:01,500 --> 00:18:07,980 given in the given range

392 00:18:04,500 --> 00:18:09,240 so final figure three input analysis

393 00:18:07,980 --> 00:18:10,980 worksheet

394 00:18:09,240 --> 00:18:13,620 okay

395 00:18:10,980 --> 00:18:15,660 okay so this is also good and then

396 00:18:13,620 --> 00:18:18,900 product line works it

397 00:18:15,660 --> 00:18:20,580 all right so solver results so yeah

398 00:18:18,900 --> 00:18:25,520 these are also good

399 00:18:20,580 --> 00:18:25,520 all right so see you in next video

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