Question: Refer to Table M7.6, which is the optimal tableau for the Flair Furniture Company problem. (a) What are the values of the shadow prices? (b)

Refer to Table M7.6, which is the optimal tableau for the Flair Furniture Company problem.

(a) What are the values of the shadow prices?

(b) Interpret the physical meaning of each shadow price in the context of the furniture problem.

(c) What is the range over which the profit per table can vary without changing the optimal basis (solution mix)?

(d) What is the range of optimality for C (number of chairs produced)?

(e) How many hours can Flair Furniture add to or remove from the first resource (painting department time) without changing the basis?

(f) Conduct RHS ranging on the carpentry department resource to determine the range over which the shadow price remains valid.


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a The first shadow price in the S 1 column is 500 The second shadow price in the S 2 column is 1500 ... View full answer

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