Reconsider Prob. 7.3-4. After further negotiations with each vendor, management of the G.A. Tanner Co. has learned
Question:
(a) Formulate and solve a spreadsheet model for this problem with the original maximum supply levels and the additional constraint that no more than 2,500 toys should be produced per day.
(b) Without considering the premium, use the spreadsheet and Solver to determine the shadow price for the subassembly A constraint by solving the model again after increasing the maximum supply by 1. Use this shadow price to determine the maximum premium that the company should be willing to pay for each subassembly of this type.
(c) Repeat part (b) for the subassembly B constraint.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Introduction to Operations Research
ISBN: 978-1259162985
10th edition
Authors: Frederick S. Hillier, Gerald J. Lieberman
Question Posted: