This software aims to maximize profits by optimizing resource utilization for products or services. It supports up to six unique outputs with ten specific resource inputs by considering resource demand, profit contribution, and minimum/maximum requirements.
If you're looking for a tool that can help you determine the best mix of products or services to maximize profit based on available resources, then look no further than this model. It's designed to identify the ideal mix of production items and resources necessary to achieve maximum profit.
With the model, you can manage up to six unique production items and ten specific resource inputs. Production items can be anything - manufactured goods or services. Resources refer to anything you need to produce or provide those items, such as labor, materials, machine time, transportation services, and floor space.
The model applies a linear programming approach to identify the most optimal result, taking into consideration resource demand, profit contribution, and minimum or maximum production requirements for each production item. With the Solver Add-in included with Microsoft Excel, you can easily identify the ideal solution and even manually adjust scenarios to test alternative outcomes.
All of this is automated with tabular inputs and outputs, meaning you don't need any knowledge of linear programming or Excel to use it. It's an excellent tool for those who want to maximize profits but don't want to spend a lot of time figuring out how to do it.
With the model, you can manage up to six unique production items and ten specific resource inputs. Production items can be anything - manufactured goods or services. Resources refer to anything you need to produce or provide those items, such as labor, materials, machine time, transportation services, and floor space.
The model applies a linear programming approach to identify the most optimal result, taking into consideration resource demand, profit contribution, and minimum or maximum production requirements for each production item. With the Solver Add-in included with Microsoft Excel, you can easily identify the ideal solution and even manually adjust scenarios to test alternative outcomes.
All of this is automated with tabular inputs and outputs, meaning you don't need any knowledge of linear programming or Excel to use it. It's an excellent tool for those who want to maximize profits but don't want to spend a lot of time figuring out how to do it.
What's New
Version 30: Evaluation Mode with Excel 2007 and Excel 97-2003 versions.