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Microsoft® Excel® 2010: Data Analysis and Business Modeling by Wayne L. Winston

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Chapter 29. Using Solver to Determine the Optimal Product Mix

Questions answered in this chapter:

  • How can I determine the monthly product mix that maximizes profitability?

  • Does a Solver model always have a solution?

  • What does it mean if a Solver model yields the result “Set Values Do Not Converge”?

Answers to This Chapter’s Questions

How can I determine the monthly product mix that maximizes profitability?

Companies often need to determine the quantity of each product to produce on a monthly basis. In its simplest form, the product mix problem involves how to determine the amount of each product that should be produced during a month to maximize profits. Product mix must usually adhere to the following constraints:

  • Product mix can’t use more resources ...

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