First of all, set up the worksheet with values and formulas.The procedure of using Excel Solverīefore going into more detail, here’s the basic procedure for using Solver: In fact, it’s a perfect problem for using the Solver technique. These four constraints make it a real problem and a bit more challenging.
Read More: Resource Allocation Model in Excel Using Solver So the company is not interested in producing more than 40 units of this product per day. The market for Product C is relatively limited.The company needs 40 units of Product B to fill an expected order.The company needs 50 units of Product A to fill an existing order.The combined production capacity is 300 units per day.This company has some constraints that must be met to produce products: But if things were so straightforward, you wouldn’t need tools like Solver.
Therefore, to maximize total profit from production, the production management can produce only Product C. You don’t need to be a business graduate to realize that the highest profit comes from Product C. These formulas calculate the total profit for each product by multiplying the units by the profit per unit. Profit per unit for each product is shown in Column C, and Column D contains formulas.
We’ll use Solver to find out the number of units to maximize the total profit.Ĭolumn B displays the number of units of each product.
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