Exhibit 8.2 The Following Questions Pertain to the Problem and Spreadsheet Below

question 51

Essay

Exhibit 8.2
The following questions pertain to the problem and spreadsheet below.
A construction company just purchased a 300 × 300 foot lot upon which they plan to build an office building.They need at least 60,000 ft² of office floor space.Zoning regulations require each floor be 10 feet high and the building not exceed 65 ft in height.Further,parking space must equal at least 30% of the total floor space available.The company's cost accountant uses a 60% factor of the building height and a 1% factor of any story's floor area to calculate the total building cost in millions of dollars).
The following is the NLP formulation for the problem.
The spreadsheet implementation of this formulation applies to the following questions.

-Refer to Exhibit 8.2.What values would you enter in the Analytic Solver Platform task pane for the above Excel spreadsheet?
Objective Cell: Variables Cells: Constraints Cells:

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Definitions:

Cross-Selling

The practice of selling additional products or services to an existing customer.

Analytical CRM

A type of Customer Relationship Management that focuses on analyzing customer data to make informed business decisions.

OLAP

Online Analytical Processing, a category of software tools that provides analysis of data stored in a database, enabling users to conduct multidimensional analysis of large volumes of data.

Sales Lead Tracking

involves the methods and systems used by organizations to track the identification, engagement, and development of potential sales prospects through various stages of the sales process.