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

question 2

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?
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Objective Cell:
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Variables Cells:
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Constraints Cells:

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Definitions:

Maximum Time

The longest duration allowed or recorded for a certain process, event, or activity to be completed.

Car Buyers

Individuals or entities that engage in the purchase of automobiles.

Frequency Bar Chart

A graphical representation using bars to show how often each different value in a set of data occurs.

Car Dealer

A business entity that sells new or used cars at the retail level, based on a dealership contract with an automaker or its sales subsidiary.