Question: 4 Mb Protax 3 3 1 54 5 2 se 41 20 1 Misal Profi/unit 4 Question 4: Sensitivity Analysis (13 Points) Excel's Solver tool

4 Mb Protax 3 3 1 54 5 2 se 41 20 1 Misal Profi/unit 4 Question 4: Sensitivity Analysis (13 Points) Excel's Solver tool has been used in the spreadsheet below to solve a linear programming problem with a minimization objective function and all constraints. 1) What are the Binding Constraints and the Optimum amount of Objective Function? 2) What are the slack/surplus values for Material 1, Material 2 and Material 3? 3) Looking at the Shadow prices, how much would the objective function change by if Material 2 is increases by 5 units? 4) What % of available Material 3 can be reduced without it affecting the current (given) optimum solution? 5) Why the amount of reduced costs are zero? Number produced Profit cobio 13 333333 53333333 Tool 77.333333 24 Selver Seativity Reports Nae Variable Cell Final Redace Objective Value Cosi Corist 1333333333 0 4 4 0 5 Product Product Y Allerle Alkable Lace Dec 5 04 0.666666667 3:333333333 Caastraints Given results after developing the excel LP and Solver: Name Material Material 2 Material Final Shadow Castrat Value Price RIL SE 60 1.111111111 GO 0.222222222 1733333333 0 20 Alable Ince 24 12 1E30 Allowable Decres 12 24 25 minutes on slide 2.666666667 Nates

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