Optimum production on Excel Solver

KylieR

New Member
Joined
Sep 27, 2018
Messages
2
Everything I input into Solver is giving me a not feasible solution. How should I be setting up a linear regression to find optimal production with the following data? I'm also unsure of how to add a promotion, any tips?

Input Data (Demand) Input Data (Costs etc.)
MonthDemand ItemCost
January 10,000 Materials cost/unit $ 40
February 11,000 Inventory holding cost/unit/month3.0
March 15,000 Marginal cost of stockout/unit/month
April 18,000 Hiring and training cost/worker
May 25,000 Layoff cost/worker
June 26,000 Labor hours required/unit2.0000
July 30,000 Regular time cost/hour15.0
August 29,000 Over time cost/hour22.0
September 21,000 Marginal subcontracting cost/unit
October 18,000
November 14,000 Initial Workforce size250
December 11,000 Maximum overtime per worker per month20
Starting inventory ('000s)50
Ending inventory ('000s)50

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</tbody>
 

Excel Facts

Back into an answer in Excel
Use Data, What-If Analysis, Goal Seek to find the correct input cell value to reach a desired result
taking july demand of 30000 this is presumably based on historical data and might be anywhere between 27000 and 33000 ?
 
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