Question: Answer the following questions. a. For maximum contribution, how much of each wine should be produced? b. What is the optimal objective function value, i.e.,
Answer the following questions. a. For maximum contribution, how much of each wine should be produced? b. What is the optimal objective function value, i.e., how much profits will be made by selling the wines? c. Is there any sugar left at optimal level of production? If so, how much? If not, what is its dual value? Explain what this value means to Lost Maples' management. d. Interpret the meaning of the lower bound to Labor constraint in the sensitivity range analysis. Explain how the solution would change if the amount of labor fell by 60 units from the present. e. Interpret the meaning of the upper bound to Los Alamos wine decision variable in the sensitivity range analysis.
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