A company manufactures mechanical heart valves from the heart valves of pigs. Different heart operations require valves
Question:
a. Use Solver to determine how the company can minimize the cost of acquiring the needed valves.
b. Use SolverTable to investigate the effect on total cost of increasing its minimal purchase requirements each month. Specifically, see how the total cost changes as the minimal purchase requirements of large, medium, and small valves all increase from their original values by the same percentage. Revise your model so that SolverTable can be used to investigate these changes when the percentage increase varies from 2% to 20% in increments of 2%. Explain intuitively what happens when this percentage is at least 16%.
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Related Book For
Data Analysis and Decision Making
ISBN: 978-0538476126
4th edition
Authors: Christian Albright, Wayne Winston, Christopher Zappe
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