a)What is the optimal solution to Electronic Communications problem? Explain what it means.

b)What is the objective value? Explain the meaning of the objective value.

c)Out of the 4 main constraints listed in Problem 1, which one(s) are binding? Explain why.

d)Interpret the RHS range of the constraint corresponding to the total production level (i.e., constraint c3).

e)Interpret the value of the shadow price corresponding to the salesforce hours availability constraint (i.e., constraint c2).

f)Interpret the lower and upper ranges of the objective coefficient corresponding to your Marine decision variable.

g)Now assume the new unit profit values for M,B,R, and D are announced as: $90, $92, $70, and $75, respectively. Is that going to change the optimal solution to the problem? Why? Calculate the new objective value.

SOLUTION RESULT Optimal solution found MAX Profit 68375.0000 Screen Shot 20... 0 DECISION VARIABLES PLAIN VARIABLES Variable Name Activity PLAIN VARIABLES M Reduced cost --------- 0.0000 0.0000 0.0000 -12.0000 Variabin Name 400.0000 275.0000 125.0000 0.0000 Ohjant Coeff Lower Range Cpper Range M B R 85.00DD 90.0000 77.0000 68.0000 85.0000 -1 +020 -1 +020 102.0000 90.0000 90.0000 D CONSTRAINTS PLAIN CONSTRAINTS FANGES RHS Constraint Name Slank Shadow Prian PLAIN CONSTRAINS c1 c2 2500.0000 0.0000 0.0000 0.0000 0.0000 5.000D 75.0000 -13.0000 Constraint Name --------- ci 02 C3 RHS Value -------- 12000.DDDD 2000.0000 800.0000 125.0000 Lower Range ------------- 9500.000 1725.000 666.6667 Upper Range ------------ 15+020 2400.000 937.5000 400.000 RANGES OBJECTIVE END