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Retail Purchase Optimization

The document presents a purchasing plan for Power Blocks toys. It shows the number of units and retail price for 4 toy lines. The total available budget is $99,999.02. The optimal purchasing plan is to buy 3788 units of the Urban Adventure set, 1 unit of the Turbo Action kit, 1895 units of the Outdoor set, and 1566 units of the Camping kit, with a total profit of $25,143.53 and satisfying all constraints.

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Vishant Chopra
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0% found this document useful (0 votes)
60 views9 pages

Retail Purchase Optimization

The document presents a purchasing plan for Power Blocks toys. It shows the number of units and retail price for 4 toy lines. The total available budget is $99,999.02. The optimal purchasing plan is to buy 3788 units of the Urban Adventure set, 1 unit of the Turbo Action kit, 1895 units of the Outdoor set, and 1566 units of the Camping kit, with a total profit of $25,143.53 and satisfying all constraints.

Uploaded by

Vishant Chopra
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Power Blocks Purchasing Pla

Number
Purchased Retail Price Gross Revenue
Power Blocks Urban Adventure Set 5000 $ 19.95 $ 99,750.00
Turbo Action Kit 0 $ 14.95 $ -
Power Blocks Outdoor Set 5000 $ 16.95 $ 84,750.00
Camping Kit 5000 $ 11.95 $ 59,750.00

Constraints

(Turbo Action Kit+Camping Kit)>=0.5(Power


Blocks Urban Adventure Set+Power Blocks
Outdoor Set) 5000 >= 5000

(Power Blocks Urban Adventure Set+Power


Blocks Outdoor Set)>=(Turbo Action
Kit+Camping Kit) 10000 >= 5000
Total cost available $ 195,800.00 <= 100000
Power Blocks Urban Adventure Set >= 5000
Power Blocks Outdoor Set >= 5000
ower Blocks Purchasing Plan

Storage Cost
Unit Cost Total Unit Cost per Unit Total Storage Cost Total Cost Profit
$ 15.36 $ 76,800.00 $ 0.15 $ 750.00 $ 77,550.00 $ 22,200.00
$ 14.21 $ - $ 0.10 $ - $ - $ -
$ 13.77 $ 68,850.00 $ 0.25 $ 1,250.00 $ 70,100.00 $ 14,650.00
$ 10.03 $ 50,150.00 $ 0.15 $ 750.00 $ 50,900.00 $ 8,850.00
Total $ 45,700.00
Microsoft Excel 16.0 Feasibility Report
Worksheet: [AssignmentQ3.xlsx]Purchase Plan
Report Created: 13-08-2019 13:29:03

Constraints Which Make the Problem Infeasible


Cell Name Cell Value Formula Status
$B$13 total cost available Number Purchased 195800 $B$13<=$D$13 Violated
$B$4 Power Blocks Urban Adventure Set Number Purchased 5000 $B$4>=$D$14 Binding
$B$6 Power Blocks Outdoor Set Number Purchased 5000 $B$6>=$D$15 Binding
Slack
-95800
0
0
Microsoft Excel 16.0 Answer Report
Worksheet: [AssignmentQ3.xlsx]Purchase Plan1 (2)
Report Created: 13-08-2019 13:35:37
Result: Solver found an integer solution within tolerance. All Constraints are satisfied.
Solver Engine
Engine: Simplex LP
Solution Time: 0.109 Seconds.
Iterations: 3 Subproblems: 16
Solver Options
Max Time Unlimited, Iterations Unlimited, Precision 0.000001, Use Automatic Scaling
Max Subproblems Unlimited, Max Integer Sols Unlimited, Integer Tolerance 1%, Assume NonNegative

Objective Cell (Max)


Cell
$J$8

Variable Cells
Cell
$B$4
$B$5
$B$6
$B$7

Constraints
Cell
$B$11
$B$12
$B$13
$B$14
$B$4:$B$7=Integer
xcel 16.0 Answer Report
[AssignmentQ3.xlsx]Purchase Plan1 (2)
ated: 13-08-2019 13:35:37
ver found an integer solution within tolerance. All Constraints are satisfied.

Time: 0.109 Seconds.


: 3 Subproblems: 16

e Unlimited, Iterations Unlimited, Precision 0.000001, Use Automatic Scaling


problems Unlimited, Max Integer Sols Unlimited, Integer Tolerance 1%, Assume NonNegative

Name
Total Profit

Name
Power Blocks Urban Adventure Set Number Purchased
Turbo Action Kit Number Purchased
Power Blocks Outdoor Set Number Purchased
Camping Kit Number Purchased

Name
0.5*Power Blocks Urban Adventure Set<=Power Blocks Outdoor Set Number Purchased
(Power Blocks Urban Adventure Set+Power Blocks Outdoor Set)>(Turbo Action Kit+Camping Kit) Number Purchased
total cost available Number Purchased
Sum Number Purchased
Original Value Final Value
₹ 25,147.52 ₹ 25,143.53

Original Value Final Value Integer


3789.236111111 3788 Integer
0 1 Integer
1894.618055556 1895 Integer
1566.145833333 1566 Integer

Cell Value Formula Status Slack


1894 $B$11<=$D$11 Not Binding 1
5683 $B$12>=$D$12 Not Binding 4116
99999.02 $B$13<=$D$13 Not Binding 0.98
7250 $B$14>=$D$14 Binding 0
Power Blocks Purchasing P

Number
Purchased Retail Price Gross Revenue
Power Blocks Urban Adventure Set 3788 $ 19.95 $ 75,570.60
Turbo Action Kit 1 $ 14.95 $ 14.95
Power Blocks Outdoor Set 1895 $ 16.95 $ 32,120.25
Camping Kit 1566 $ 11.95 $ 18,713.70

Constraints
0.5*Power Blocks Urban Adventure
Set<=Power Blocks Outdoor Set 1894 <= 1895
(Power Blocks Urban Adventure Set+Power
Blocks Outdoor Set)>(Turbo Action
Kit+Camping Kit) 5683 >= 1567
total cost available $ 99,999.02 <= 100000
Sum 7250 >= 7250
er Blocks Purchasing Plan

Storage Cost
Unit Cost Total Unit Cost per Unit Total Storage Cost Total Cost Profit
$ 15.36 $ 58,183.68 $ 0.15 $ 568.20 $ 58,751.88 $ 16,818.72
$ 14.21 $ 14.21 $ 0.10 $ 0.10 $ 14.31 $ 0.64
$ 13.77 $ 26,094.15 $ 0.25 $ 473.75 $ 26,567.90 $ 5,552.35
$ 10.03 $ 15,706.98 $ 0.15 $ 234.90 $ 15,941.88 $ 2,771.82
Total $ 25,143.53

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