Explore the principles of a product mix

Assignment Help Management Theories

Reference no: EM133419923

Question: Using the Internet, conduct a thorough search for more information on using What-If Analysis as outlined in eText Excel Module 8. Choose one bullet listed below and explain what this formatting does and how it can be used in your chosen career field. Feel free to also discuss how this can be used throughout your academic endeavors.

Session 8.3

Explore the principles of a product mix
Run Solver to calculate optimal solutions
Create and apply constraints to a Solver model
Save and load a Solver model

You may also answer one of the following questions with 150-word count to reply to my post and meet the requirement:

What is an add-in?
What are three options for the objective cell using Solver?
What is an objective cell? What is a variable cell?
What are the six types of constraints you can put on a cell in a Solver model?
What is an iterative process?
What is the difference between a binding constraint and a nonbinding constraint?
In the Solver report, what is meant by the term "slack"?

Reference no: EM133419923

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