Optimization Model Help

Domes

New Member
Joined
Dec 29, 2014
Messages
1
Hi,

I am looking for some help in how to structure an optimization model. I have a small data set and I am trying to figure out a max value problem. I have 131 Items each belonging to a different category (A,B,C,D or E) with a specific price and set value. For this model I have a budget of 60,000 that I must spend to select 8 items (1 from A, 1 from B, 1 from C, 1 from D, 1 from E, 1 from B or D, 1 from C or E, and 1 from Any Category). I am wondering if there is any way to have a model use those criteria to pick a set of combinations that will provide the maximum value. If anyone has any advice or suggestions their help would be greatly appreciated. Please take a look at the sheet I have attached.

Thanks,

PriceValueIdentifierCategorySelections
1090045.941ACategoryIdentifierValuePrice (Budget $60,000)
890041.312AA
790038.773AB
900037.074AC
910035.045AD
800033.936AE
810031.67AB or D
670028.818AC or E
680026.769AAny
680025.1510A
690024.0811A
670023.1712A
400022.3913A
430020.8714A
530020.2915A
400018.6816A
480017.5217A
300011.9818A
300011.5119A
30006.46320A
4300021A
3000022A
1110042.523B
720033.2624B
920031.8325B
630030.0626B
520021.7327B
420019.3428B
400019.1429B
450018.8130B
490017.831B
530017.5632B
420015.8233B
330014.634B
580014.1835B
450014.0836B
440012.9537B
300012.7638B
300012.1739B
480011.9140B
340011.8741B
36009.41742B
33008.49643B
36007.47544B
30002.60345B
4200046B
5800047B
6300048B
5000049B
1050044.6350C
1020039.4451C
840039.1152C
710032.3453C
700030.7354C
640030.6555C
530030.1856C
600028.3257C
480025.5758C
540023.7559C
650021.9460C
630021.8961C
530020.5862C
500020.5263C
480020.1864C
380019.4165C
310016.5966C
300015.7367C
520014.5368C
380013.6369C
370013.5970C
300013.2971C
300010.172C
30008.57973C
32005.1374C
3000075C
830034.3576D
770033.0177D
720030.3778D
640027.2679D
730026.8780D
620025.8981D
480025.8882D
530024.0183D
490021.4284D
390020.4385D
360019.4386D
500018.8987D
430018.7688D
510018.2689D
340018.2690D
490017.7891D
400017.692D
390017.4493D
490016.3694D
360010.3395D
300010.2596D
30009.21697D
35008.58498D
35006.54399D
30005.966100D
30004.916101D
30000102D
32000103D
30000104D
1150042.06105E
860037.97106E
850034.52107E
650031.23108E
640030.43109E
570028.54110E
560026.89111E
500026.08112E
580025.61113E
540023.7114E
470020.78115E
530020.25116E
390019.98117E
450018.24118E
420017.41119E
410016.72120E
330015.53121E
370012.73122E
360010.31123E
300010.18124E
34009.947125E
30007.172126E
30004.698127E
30003.156128E
30002.664129E
63000130E
57000131E

<tbody>
</tbody>
 

Excel Facts

Excel motto
Not everything I do at work revolves around Excel. Only the fun parts.

Forum statistics

Threads
1,215,438
Messages
6,124,873
Members
449,192
Latest member
MoonDancer

We've detected that you are using an adblocker.

We have a great community of people providing Excel help here, but the hosting costs are enormous. You can help keep this site running by allowing ads on MrExcel.com.
Allow Ads at MrExcel

Which adblocker are you using?

Disable AdBlock

Follow these easy steps to disable AdBlock

1)Click on the icon in the browser’s toolbar.
2)Click on the icon in the browser’s toolbar.
2)Click on the "Pause on this site" option.
Go back

Disable AdBlock Plus

Follow these easy steps to disable AdBlock Plus

1)Click on the icon in the browser’s toolbar.
2)Click on the toggle to disable it for "mrexcel.com".
Go back

Disable uBlock Origin

Follow these easy steps to disable uBlock Origin

1)Click on the icon in the browser’s toolbar.
2)Click on the "Power" button.
3)Click on the "Refresh" button.
Go back

Disable uBlock

Follow these easy steps to disable uBlock

1)Click on the icon in the browser’s toolbar.
2)Click on the "Power" button.
3)Click on the "Refresh" button.
Go back
Back
Top