# Question

Reconsider the model given in Prob. 7.3-1. While doing sensitivity analysis, you learn that the estimates of the right-hand sides of the two functional constraints are accurate only to within ±50 percent. In other words, the ranges of likely values for these parameters are 5 to 15 for the first right-hand side and 6 to 18 for the second right-hand side.

(a) After solving the original spreadsheet model, determine the shadow price for the first functional constraint by increasing its right-hand side by 1 and solving again.

(a) After solving the original spreadsheet model, determine the shadow price for the first functional constraint by increasing its right-hand side by 1 and solving again.

## Answer to relevant Questions

Reconsider the model of Prob. 7.1-1. You are now to conduct sensitivity analysis by independently investigating each of the following six changes in the original model. For each change, use the sensitivity analysis procedure ...Reconsider the Union Airways problem and its spreadsheet model that was dealt with in Prob. 7.3-6. Management now is considering increasing the level of service provided to customers by increasing one or more of the numbers ...Reconsider the example illustrating the use of chance constraints that was presented in Sec. 7.5. The concern is that there is some uncertainty about how much production time will be available for Wyndorís two new products ...Refer to Sec. 3.4 (subsection entitled "Controlling Air Pollution") for the Nori & Leets Co. problem. After the OR team obtained an optimal solution, we mentioned that the team then conducted sensitivity analysis. We now ...Consider Variation 5 of the Wyndor Glass Co. model (see Fig. 7.5 and Table 7.8), where the changes in the parameter values given in Table 7.5 are c-bar2 = 3, a-bar22 = 3, and a-bar32 = 4. Use the formula b* = S*b-bar to find ...Post your question

0