Application of Excel in the Operation Management of the Group Company

DOI

10.2991/icmii-15.2015.100How to use a DOI?

Keywords

Excel 2010, Mathematical Model, Linear Regression, Solver, the Optimization Problems

Abstract

In the operation management of the group company, we often need make decisions about production, manufacturing, transportation, investment and other programs based on the group's profit maximization. In other words, we often need solve optimization problems such as maximum profit, minimum cost, etc.. In the manual state, the graphical method and the simplex method are usually used to solve this kind of problem. But the graphical method is not accurate enough, and the simplex method is very complicated. Through an example, the paper introduces the application of Excel function and solver tool in the decision-making about production and transportation programs. The modeling ideas and solving methods can be generalized to other decision-making problem about maximum profit or minimum cost. This will help improve greatly the company's decision-making efficiency.

Copyright

© 2015, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Hongxiao Zhou
AU  - Weifu Tian
PY  - 2015/10
DA  - 2015/10
TI  - Application of Excel in the Operation Management of the Group Company
BT  - Proceedings of the 3rd International Conference on Mechatronics and Industrial Informatics
PB  - Atlantis Press
SP  - 587
EP  - 591
SN  - 2352-538X
UR  - https://doi.org/10.2991/icmii-15.2015.100
DO  - 10.2991/icmii-15.2015.100
ID  - Zhou2015/10
ER  -