Use Solver to create a Sensitivity Report for question 16 at the end of Chapter 3, and
Question:
a. Is the solution degenerate?
b. Explain the value of the shadow price associated with Machine 1.
c. If the plant could hire another cross-trained worker, would you recommend that action? Why?
d. Suppose the marginal profit for each product was computed using estimated costs. If you could get more accurate profit estimates for these products, which one(s) would be of greatest interest? Why?
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Sensitivity Report Obtained Using Standard LPQuadratic Engine Objective Cell Max Cell Name Final Val...View the full answer
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Related Book For 
Spreadsheet Modeling and Decision Analysis A Practical Introduction to Business Analytics
ISBN: 978-1285418681
7th edition
Authors: Cliff Ragsdale
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