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Production and Inventory Problem solved using Solver in Excel

production and inventory problem

Linear Programming allows us to tackle various real life problems, some of which we have already gone over in previous articles, such as the Transportation Problem, the Product Mix Problem and the Diet Problem. In the following article we will analyze a different classic application known as the Production Inventory Problem. This problem is essentially […]

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Problem of Cutting, Assembling and Production of Chairs solved with Excel Solver

Wood-Chair-128

“The Old Chairs”, a rustic company manufactures, among many other products, three types of chairs A, B and C, which are sold at price of 11, 13 and 12 dollars each respectively. The chairs go through three processes, Cutting, Assembly and Painting, for which up to 17, 13 and 15 hours a week respectively are dedicated […]

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