Question: Given this linear programming model, solve the model and then answer the questions that follow. .:. a. Are any constraints binding? If so, which

Given this linear programming model, solve the model and then answer the questions that follow.

.:.
a. Are any constraints binding? If so, which one(s)?
b. If the profit on product 3 were changed to $ 22 a unit, what would the values of the decision variables be? The objective function? Explain.
c. If the profit on product 1 were changed to $ 22 a unit, what would the values of the decision variables be? The objective function? Explain.
d. If 10 hours less of labor time were available, what would the values of the decision variables be? The objective function? Explain.
e. If the manager decided that as many as 20 units of product 2 could be produced (instead of 16), how much additional profit would be generated?
f. If profit per unit on each product increased by $ 1, would the optimal values of the decision variables change? Explain. What would the optimal value of the objective function be?

Step by Step Solution

★★★★★

3.52 Rating (172 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a As shown in the Excel Solver solution below the C1 Machine and C3 Materials constraints are binding b As shown in the Sensitivity Report below the range of optimality for the objective function coef... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

372-B-M-L-O-M (3549).docx

120 KBs Word File

Students Have Also Explored These Related Management Leadership Questions!

This assessment includes four different graphs. Analyze the graphs, and answer the ten questions about them. Submit the attached file as your assignment, once completed. What would happen to the...

Read the following case and then answer the questions that follow. Following the assassination of President Abraham Lincoln on April 14, 1865, by John Wilkes Booth and John H. Surratt, one of Booths...

Can Someone please answer parts A B and C? Given this linear programming model, solve the model and then answer the questions that follow. Maximize Z=12x1+18x2+15x3 where x1= the quantity of product...

Problem 15, p. 850 Given this linear programming model, solve the model and then answer the questions that follow Maximize Z = 12x1 + 18x2 + 15x3 where x1 = the quantity of product 1 to make, etc....

Given this linear programming model, solve the model and then answer the questions that follow. Maximize 12 x 1 + 18 x 2 + 15 x 3 where x 1 = the quantity of product 1 to make etc. Subject to Machine...

all one question Given this linear programming model, solve the model and then answer the questions that follow. 12x1 + 18x2+ 15x3 where x1 the quantity of product 1 to make etc. Maximize Subject to...

Given this linear programming model, solve the model and then answer the questions that follow. a - 1 . Are any constraints binding? In other words, are any constraints "real" and limiting the number...

1. Prepare the joumal entries to record revenue at the end of January, February and March according to the assumptions in requirement 1. 2. Prepare the journal entries to record revenue at the end of...

Anna bought 100 shares of Red Rocks Corp.'s stock at $50 per share on February 1, 2020 and sold them for $70 on February 5, 2021. Red Rocks Corp. has not paid any dividends until 2021.The first...

How can a monopolist identify the profitmaximizing level of output if it knows its total revenue and total cost curves?

What are the two areas of concern for stakeholder management? A. * Power B. Impact C. * Interest D. Money

Why is scheduling fairly simple for repetitive systems but fairly complex for job shops?

What are Gantt charts? How are they used in scheduling? What are the advantages of using Gantt charts?

What are the basic assumptions of the assignment method of linear programming?

7. You just won a lottery that will pay you $2,500 a year for twenty years. The first payment will be sent to you at the end of the first year. If you can earn 8 percent on your money, what is your...

A local school board with 8 people needs to form a committee with three different responsibilities. How many ways can this committee be formed?

Correct? The 2011 and 2012 Balance Sheets for Jacob, Inc. contained the following enties: Jacob had materials purchases in 2011 of $1,970 and materials purchases in 2012 of $3,218. What did Jacob...