Question: -20 Consider the following LP problem, in which X and Y denote the number of units of products X and Y to produce, respectively: Maximizeprofit=$4X+$5Y

 -20 Consider the following LP problem, in which X and Ydenote the number of units of products X and Y to produce,

respectively: Maximizeprofit=$4X+$5Y subject to the constraints X+2Y106X+6Y368X+4Y40X,Y0(laboravailable,inhours)(materialavailable,inpounds)(storageavailable,insquarefeet)(nonnegativity) The Excel Sensitivity Report for

-20 Consider the following LP problem, in which X and Y denote the number of units of products X and Y to produce, respectively: Maximizeprofit=$4X+$5Y subject to the constraints X+2Y106X+6Y368X+4Y40X,Y0(laboravailable,inhours)(materialavailable,inpounds)(storageavailable,insquarefeet)(nonnegativity) The Excel Sensitivity Report for this problem is shown in Screenshot 8-9. Calculate and explain what happens to the optimal solution for each of the following situations. Each question is independent of the other questions. (a) You acquire 2 additional pounds of material. (b) You acquire 1.5 additional hours of labor. (c) You give up 1 hour of labor and get 1.5 pounds of material. (d) The profit contributions for both products X and Y are changed to $4.75 each. (e) You decide to introduce a new product that has a profit contribution of $2. Each unit of this product will use 1 hour of labor, 1 pound of material, and 2 square feet of storage space. Microsoft Excel 14.0 Sensitivity Report Problem 4-20 Variahle Calle Conctrainte -20 Consider the following LP problem, in which X and Y denote the number of units of products X and Y to produce, respectively: Maximizeprofit=$4X+$5Y subject to the constraints X+2Y106X+6Y368X+4Y40X,Y0(laboravailable,inhours)(materialavailable,inpounds)(storageavailable,insquarefeet)(nonnegativity) The Excel Sensitivity Report for this problem is shown in Screenshot 8-9. Calculate and explain what happens to the optimal solution for each of the following situations. Each question is independent of the other questions. (a) You acquire 2 additional pounds of material. (b) You acquire 1.5 additional hours of labor. (c) You give up 1 hour of labor and get 1.5 pounds of material. (d) The profit contributions for both products X and Y are changed to $4.75 each. (e) You decide to introduce a new product that has a profit contribution of $2. Each unit of this product will use 1 hour of labor, 1 pound of material, and 2 square feet of storage space. Microsoft Excel 14.0 Sensitivity Report Problem 4-20 Variahle Calle Conctrainte

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