Question: 6) Answer the following questions using the sensitivity report shown below: (20 min) a) Construct the objective function and calculate the optimal value of it.

6) Answer the following questions using the
6) Answer the following questions using the sensitivity report shown below: (20 min) a) Construct the objective function and calculate the optimal value of it. (4 marks) b) Report and interpret the reduced cost associated with variable "z". (5 marks) c) Explain what constraints are binding and which one(s) are non-binding? (4 marks) Varlable Cells d) Assuming the "wood" to be sunk Final Reduced Objective Allowable Allowable Cell Name Value Cost Coefficient increase Decrease cost, what is the total price for an 6 Type 0 5 3 additional 25 units of wood? (3 Type By 0 2 marks) Type Cz 0 -6.5 15-30 4 3 ON e) If the coefficient of x changes to 7 and the coefficient of y changes to 4 simultaneously, will the optimal solution remain unchanged? Explain (10 marks) Constraints Final Shadow Constraint Allowable Allowable Cell Name Value Price R.H. Side Increase Decrease Wood 1 32 1.5 32 20 10 Steel 2 40 2.5 40 110 30 hours 3 15 0 38 1E430 25

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

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

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!