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#1
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Basic question...sorry
I'm new and trying to maximize a shipment with certain parameters. I have 6
products differing in weights (5,4,3.5,3,2,1) each with different costs (9,8,7,6,5,4) and sale price(17,13,11,9,7,5). I can only send a combination of 3 products lines with 4-8 pieces of product and cannot weigh more than 50 pounds. I am trying to maximize profit. I reviewed solver but am lost, can anyone forward me to some help? Thanks in advance! |
#2
Posted to microsoft.public.excel.worksheet.functions
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Basic question...sorry
This is ,in my opinion, a "linear programming" problem. You may have to set
the equations for maximising profits, simulateneously identifying the constraints ( say, in your case, the combined weight cannot be more than 50 pounds, products cannot be more than 3 and so on). For solving the equations you may use Excel. If you are not familiar with linear programming nor have any study material I suggest you refer to wikipedia.org. "jen the runner" wrote: I'm new and trying to maximize a shipment with certain parameters. I have 6 products differing in weights (5,4,3.5,3,2,1) each with different costs (9,8,7,6,5,4) and sale price(17,13,11,9,7,5). I can only send a combination of 3 products lines with 4-8 pieces of product and cannot weigh more than 50 pounds. I am trying to maximize profit. I reviewed solver but am lost, can anyone forward me to some help? Thanks in advance! |
#3
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Basic question...sorry
Since your largest weight is 5 and the package can contain a maximum of
8 pieces, any combination of eight pieces will weigh less than 50 lbs, so it really doesn't matter how you ship, given the information you've posted. You can maximize profit by shipping 8 pieces of the 1st product. That assumes, of course, that shipping costs don't vary with weight, that any 8 pieces will fit in your shipping package, and that your customers are indifferent to which products they receive. In article , jen the runner <jen the wrote: I'm new and trying to maximize a shipment with certain parameters. I have 6 products differing in weights (5,4,3.5,3,2,1) each with different costs (9,8,7,6,5,4) and sale price(17,13,11,9,7,5). I can only send a combination of 3 products lines with 4-8 pieces of product and cannot weigh more than 50 pounds. I am trying to maximize profit. I reviewed solver but am lost, can anyone forward me to some help? Thanks in advance! |
#4
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Basic question...sorry
Thanks for your response, I have to order 3 different products with
combination of 4-8 products with a max of 20 units? "JE McGimpsey" wrote: Since your largest weight is 5 and the package can contain a maximum of 8 pieces, any combination of eight pieces will weigh less than 50 lbs, so it really doesn't matter how you ship, given the information you've posted. You can maximize profit by shipping 8 pieces of the 1st product. That assumes, of course, that shipping costs don't vary with weight, that any 8 pieces will fit in your shipping package, and that your customers are indifferent to which products they receive. In article , jen the runner <jen the wrote: I'm new and trying to maximize a shipment with certain parameters. I have 6 products differing in weights (5,4,3.5,3,2,1) each with different costs (9,8,7,6,5,4) and sale price(17,13,11,9,7,5). I can only send a combination of 3 products lines with 4-8 pieces of product and cannot weigh more than 50 pounds. I am trying to maximize profit. I reviewed solver but am lost, can anyone forward me to some help? Thanks in advance! |
#5
Posted to microsoft.public.excel.worksheet.functions
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Basic question...sorry
thanks
"Balan" wrote: This is ,in my opinion, a "linear programming" problem. You may have to set the equations for maximising profits, simulateneously identifying the constraints ( say, in your case, the combined weight cannot be more than 50 pounds, products cannot be more than 3 and so on). For solving the equations you may use Excel. If you are not familiar with linear programming nor have any study material I suggest you refer to wikipedia.org. "jen the runner" wrote: I'm new and trying to maximize a shipment with certain parameters. I have 6 products differing in weights (5,4,3.5,3,2,1) each with different costs (9,8,7,6,5,4) and sale price(17,13,11,9,7,5). I can only send a combination of 3 products lines with 4-8 pieces of product and cannot weigh more than 50 pounds. I am trying to maximize profit. I reviewed solver but am lost, can anyone forward me to some help? Thanks in advance! |
#6
Posted to microsoft.public.excel.worksheet.functions
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Basic question...sorry
Is this school work?
-- Regards, Peo Sjoblom "jen the runner" wrote in message ... Thanks for your response, I have to order 3 different products with combination of 4-8 products with a max of 20 units? "JE McGimpsey" wrote: Since your largest weight is 5 and the package can contain a maximum of 8 pieces, any combination of eight pieces will weigh less than 50 lbs, so it really doesn't matter how you ship, given the information you've posted. You can maximize profit by shipping 8 pieces of the 1st product. That assumes, of course, that shipping costs don't vary with weight, that any 8 pieces will fit in your shipping package, and that your customers are indifferent to which products they receive. In article , jen the runner <jen the wrote: I'm new and trying to maximize a shipment with certain parameters. I have 6 products differing in weights (5,4,3.5,3,2,1) each with different costs (9,8,7,6,5,4) and sale price(17,13,11,9,7,5). I can only send a combination of 3 products lines with 4-8 pieces of product and cannot weigh more than 50 pounds. I am trying to maximize profit. I reviewed solver but am lost, can anyone forward me to some help? Thanks in advance! |
#7
Posted to microsoft.public.excel.worksheet.functions
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Basic question...sorry
wt per pc 5 4 3.5 3 2 1
cost per pc 9 8 7 6 5 4 product counter 1 1 0 0 0 1 ini-counter pcs 6 4 0 0 0 4 count pcs 6 4 0 0 0 4 cost 54 32 0 0 0 16 sum wt 30 16 0 0 0 4 sale price 17 13 11 9 7 5 sale amt 102 52 0 0 0 20 profit 72.00 the solver says you can have profit of 72 <sales-cost. if u send /sell 6 units of product weighing 5lbs. ea. 4 units of product weighing 4lbs. ea. 4 units of product weighing 1 lb. ea. "jen the runner" wrote: Thanks for your response, I have to order 3 different products with combination of 4-8 products with a max of 20 units? "JE McGimpsey" wrote: Since your largest weight is 5 and the package can contain a maximum of 8 pieces, any combination of eight pieces will weigh less than 50 lbs, so it really doesn't matter how you ship, given the information you've posted. You can maximize profit by shipping 8 pieces of the 1st product. That assumes, of course, that shipping costs don't vary with weight, that any 8 pieces will fit in your shipping package, and that your customers are indifferent to which products they receive. In article , jen the runner <jen the wrote: I'm new and trying to maximize a shipment with certain parameters. I have 6 products differing in weights (5,4,3.5,3,2,1) each with different costs (9,8,7,6,5,4) and sale price(17,13,11,9,7,5). I can only send a combination of 3 products lines with 4-8 pieces of product and cannot weigh more than 50 pounds. I am trying to maximize profit. I reviewed solver but am lost, can anyone forward me to some help? Thanks in advance! |
#8
Posted to microsoft.public.excel.worksheet.functions
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Basic question...sorry
Yes it is and I have a worksheet to show I have been attempting this and not
looking for a free ride! "Peo Sjoblom" wrote: Is this school work? -- Regards, Peo Sjoblom "jen the runner" wrote in message ... Thanks for your response, I have to order 3 different products with combination of 4-8 products with a max of 20 units? "JE McGimpsey" wrote: Since your largest weight is 5 and the package can contain a maximum of 8 pieces, any combination of eight pieces will weigh less than 50 lbs, so it really doesn't matter how you ship, given the information you've posted. You can maximize profit by shipping 8 pieces of the 1st product. That assumes, of course, that shipping costs don't vary with weight, that any 8 pieces will fit in your shipping package, and that your customers are indifferent to which products they receive. In article , jen the runner <jen the wrote: I'm new and trying to maximize a shipment with certain parameters. I have 6 products differing in weights (5,4,3.5,3,2,1) each with different costs (9,8,7,6,5,4) and sale price(17,13,11,9,7,5). I can only send a combination of 3 products lines with 4-8 pieces of product and cannot weigh more than 50 pounds. I am trying to maximize profit. I reviewed solver but am lost, can anyone forward me to some help? Thanks in advance! |
#9
Posted to microsoft.public.excel.worksheet.functions
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Basic question...sorry
I figured this out manually but cannot get into the correct formula. My
constraints aren't even working...This is a project for school that has been getting the best of me all day! feel free to email my contact email address and I can email my progress, or lack thereof:( "Mankind" wrote: wt per pc 5 4 3.5 3 2 1 cost per pc 9 8 7 6 5 4 product counter 1 1 0 0 0 1 ini-counter pcs 6 4 0 0 0 4 count pcs 6 4 0 0 0 4 cost 54 32 0 0 0 16 sum wt 30 16 0 0 0 4 sale price 17 13 11 9 7 5 sale amt 102 52 0 0 0 20 profit 72.00 the solver says you can have profit of 72 <sales-cost. if u send /sell 6 units of product weighing 5lbs. ea. 4 units of product weighing 4lbs. ea. 4 units of product weighing 1 lb. ea. "jen the runner" wrote: Thanks for your response, I have to order 3 different products with combination of 4-8 products with a max of 20 units? "JE McGimpsey" wrote: Since your largest weight is 5 and the package can contain a maximum of 8 pieces, any combination of eight pieces will weigh less than 50 lbs, so it really doesn't matter how you ship, given the information you've posted. You can maximize profit by shipping 8 pieces of the 1st product. That assumes, of course, that shipping costs don't vary with weight, that any 8 pieces will fit in your shipping package, and that your customers are indifferent to which products they receive. In article , jen the runner <jen the wrote: I'm new and trying to maximize a shipment with certain parameters. I have 6 products differing in weights (5,4,3.5,3,2,1) each with different costs (9,8,7,6,5,4) and sale price(17,13,11,9,7,5). I can only send a combination of 3 products lines with 4-8 pieces of product and cannot weigh more than 50 pounds. I am trying to maximize profit. I reviewed solver but am lost, can anyone forward me to some help? Thanks in advance! |
#10
Posted to microsoft.public.excel.worksheet.functions
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Basic question...sorry
constraints...
better post here what you have now... "jen the runner" wrote: I figured this out manually but cannot get into the correct formula. My constraints aren't even working...This is a project for school that has been getting the best of me all day! feel free to email my contact email address and I can email my progress, or lack thereof:( "Mankind" wrote: wt per pc 5 4 3.5 3 2 1 cost per pc 9 8 7 6 5 4 product counter 1 1 0 0 0 1 ini-counter pcs 6 4 0 0 0 4 count pcs 6 4 0 0 0 4 cost 54 32 0 0 0 16 sum wt 30 16 0 0 0 4 sale price 17 13 11 9 7 5 sale amt 102 52 0 0 0 20 profit 72.00 the solver says you can have profit of 72 <sales-cost. if u send /sell 6 units of product weighing 5lbs. ea. 4 units of product weighing 4lbs. ea. 4 units of product weighing 1 lb. ea. "jen the runner" wrote: Thanks for your response, I have to order 3 different products with combination of 4-8 products with a max of 20 units? "JE McGimpsey" wrote: Since your largest weight is 5 and the package can contain a maximum of 8 pieces, any combination of eight pieces will weigh less than 50 lbs, so it really doesn't matter how you ship, given the information you've posted. You can maximize profit by shipping 8 pieces of the 1st product. That assumes, of course, that shipping costs don't vary with weight, that any 8 pieces will fit in your shipping package, and that your customers are indifferent to which products they receive. In article , jen the runner <jen the wrote: I'm new and trying to maximize a shipment with certain parameters. I have 6 products differing in weights (5,4,3.5,3,2,1) each with different costs (9,8,7,6,5,4) and sale price(17,13,11,9,7,5). I can only send a combination of 3 products lines with 4-8 pieces of product and cannot weigh more than 50 pounds. I am trying to maximize profit. I reviewed solver but am lost, can anyone forward me to some help? Thanks in advance! |
#11
Posted to microsoft.public.excel.worksheet.functions
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Basic question...sorry
These are what I have on the sheet and below is what I have in my "solver" box.
Constraints: # of orders: 20 Weight(lbs) 50 # of Title/Authors: 3 Max orders per title/author 8 Min orders per title/author 4 Solver box: Cannot copy? "Mankind" wrote: constraints... better post here what you have now... "jen the runner" wrote: I figured this out manually but cannot get into the correct formula. My constraints aren't even working...This is a project for school that has been getting the best of me all day! feel free to email my contact email address and I can email my progress, or lack thereof:( "Mankind" wrote: wt per pc 5 4 3.5 3 2 1 cost per pc 9 8 7 6 5 4 product counter 1 1 0 0 0 1 ini-counter pcs 6 4 0 0 0 4 count pcs 6 4 0 0 0 4 cost 54 32 0 0 0 16 sum wt 30 16 0 0 0 4 sale price 17 13 11 9 7 5 sale amt 102 52 0 0 0 20 profit 72.00 the solver says you can have profit of 72 <sales-cost. if u send /sell 6 units of product weighing 5lbs. ea. 4 units of product weighing 4lbs. ea. 4 units of product weighing 1 lb. ea. "jen the runner" wrote: Thanks for your response, I have to order 3 different products with combination of 4-8 products with a max of 20 units? "JE McGimpsey" wrote: Since your largest weight is 5 and the package can contain a maximum of 8 pieces, any combination of eight pieces will weigh less than 50 lbs, so it really doesn't matter how you ship, given the information you've posted. You can maximize profit by shipping 8 pieces of the 1st product. That assumes, of course, that shipping costs don't vary with weight, that any 8 pieces will fit in your shipping package, and that your customers are indifferent to which products they receive. In article , jen the runner <jen the wrote: I'm new and trying to maximize a shipment with certain parameters. I have 6 products differing in weights (5,4,3.5,3,2,1) each with different costs (9,8,7,6,5,4) and sale price(17,13,11,9,7,5). I can only send a combination of 3 products lines with 4-8 pieces of product and cannot weigh more than 50 pounds. I am trying to maximize profit. I reviewed solver but am lost, can anyone forward me to some help? Thanks in advance! |
#12
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Basic question...sorry
here's my addr.
. remove <nospam i will see your file and wait for tomorrow.. "jen the runner" wrote: These are what I have on the sheet and below is what I have in my "solver" box. Constraints: # of orders: 20 Weight(lbs) 50 # of Title/Authors: 3 Max orders per title/author 8 Min orders per title/author 4 Solver box: Cannot copy? "Mankind" wrote: constraints... better post here what you have now... "jen the runner" wrote: I figured this out manually but cannot get into the correct formula. My constraints aren't even working...This is a project for school that has been getting the best of me all day! feel free to email my contact email address and I can email my progress, or lack thereof:( "Mankind" wrote: wt per pc 5 4 3.5 3 2 1 cost per pc 9 8 7 6 5 4 product counter 1 1 0 0 0 1 ini-counter pcs 6 4 0 0 0 4 count pcs 6 4 0 0 0 4 cost 54 32 0 0 0 16 sum wt 30 16 0 0 0 4 sale price 17 13 11 9 7 5 sale amt 102 52 0 0 0 20 profit 72.00 the solver says you can have profit of 72 <sales-cost. if u send /sell 6 units of product weighing 5lbs. ea. 4 units of product weighing 4lbs. ea. 4 units of product weighing 1 lb. ea. "jen the runner" wrote: Thanks for your response, I have to order 3 different products with combination of 4-8 products with a max of 20 units? "JE McGimpsey" wrote: Since your largest weight is 5 and the package can contain a maximum of 8 pieces, any combination of eight pieces will weigh less than 50 lbs, so it really doesn't matter how you ship, given the information you've posted. You can maximize profit by shipping 8 pieces of the 1st product. That assumes, of course, that shipping costs don't vary with weight, that any 8 pieces will fit in your shipping package, and that your customers are indifferent to which products they receive. In article , jen the runner <jen the wrote: I'm new and trying to maximize a shipment with certain parameters. I have 6 products differing in weights (5,4,3.5,3,2,1) each with different costs (9,8,7,6,5,4) and sale price(17,13,11,9,7,5). I can only send a combination of 3 products lines with 4-8 pieces of product and cannot weigh more than 50 pounds. I am trying to maximize profit. I reviewed solver but am lost, can anyone forward me to some help? Thanks in advance! |
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