Create a Sensitivity Report for Electro-Polys make vs. buy problem in section 3.8 of Chapter 3 and

Question:

Create a Sensitivity Report for Electro-Poly’s make vs. buy problem in section 3.8 of Chapter 3 and answer the following questions.

a. Is the solution degenerate?

b. How much can the cost of making model 1 slip rings increase before it becomes more economical to buy some of them?

c. Suppose the cost of buying model 2 slip rings decreased by $9 per unit. Would the optimal solution change?

d. Assume workers in the wiring area normally make $12 per hour and get 50% more when they work overtime. Should Electro-Poly schedule these employees to work overtime to complete this job? If so, how much money would this save?

e. Assume workers in the harnessing area normally make $12 per hour and get 50% more when they work overtime. Should Electro-Poly schedule these employees to work overtime to complete this job? If so, how much money would this save?

f. Create a Spider plot that shows the effect of varying each of the wiring and harnessing requirements (in cells B17 thru D18) to 90% of their current levels in 1% increments. If Electro-Poly wanted to invest in training or new technology to reduce one of these values, which one offers the greatest potential for cost savings?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: