Refer to the sensitivity report in Figure 8.18. a. Identify the range of optimality for each objective

Question:

Refer to the sensitivity report in Figure 8.18.
  a. Identify the range of optimality for each objective function coefficient.
  b. Suppose the profit for the economy model is increased by $6 per unit, the profit for the standard model is decreased by $2 per unit, and the profit for the deluxe model is increased by $4 per unit. What will the new optimal solution be?
  c. Identify the range of feasibility for the right-hand-side values.
  d. If the number of fan motors available for production is increased by 100, will the shadow price for that constraint change? Explain.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Quantitative Methods for Business

ISBN: 978-0840062345

12th edition

Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Cam

Question Posted: