Bangs Leisure Chairs produces three types of handcrafted outdoor chairs that are popular for beach, pool,...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Bangs Leisure Chairs produces three types of handcrafted outdoor chairs that are popular for beach, pool, and patios sling chairs, Adirondack chairs, and hammocks. The Solver Sensitivity Report for the optimal solution is provided Use the information the Solve Sensitivity Report provides to answer the following questions. Click the icon to view the Solver Sensitivity Report. The reduced cost for implies that the unit for these items must the Allowable Increase and Allowable Decrease limits, such a change by at least $4 767 before it becomes profitable to produce them. Since a unit profit increase of more than $4.767 is change the optimal solution and the problem have to be re-solved A 22222222222223 21 Bangs Leisure Chairs Sensitivity Report 23 Variable Cells 24 Final Reduced Objective Allowable Allowable 25 Cell Name Value Cost Coefficient Increase Decrease 26 $B$14 27 $C$14 Quantity Produced Sling Chairs Quantity Produced Adironack 0 -4.767 42 4.767 1E+30 22.586 0 100 2.266 8.549 28 $D$14 Quantity Produced Hammocks 1.609 89 39.333 2 29 30 Constraints 31 Final Cell Name Value Shadow Price Constraint Allowable Allowable R.H. Side Increase Decrease 33 SE$15 Cutting Hours Used 45.797 0 49 1E+30 4.199 34 $E$16 Assembling Hours Used 49 1.609 49 31.833 35 $E$17 Finishing Hours Used 35.203 0 49 1E+30 25.804 36 $E$18 Total Hours Used 130 19.342 130 46.663 Bangs Leisure Chairs produces three types of handcrafted outdoor chairs that are popular for beach, pool, and patios sling chairs, Adirondack chairs, and hammocks. The Solver Sensitivity Report for the optimal solution is provided Use the information the Solve Sensitivity Report provides to answer the following questions. Click the icon to view the Solver Sensitivity Report. The reduced cost for implies that the unit for these items must the Allowable Increase and Allowable Decrease limits, such a change by at least $4 767 before it becomes profitable to produce them. Since a unit profit increase of more than $4.767 is change the optimal solution and the problem have to be re-solved A 22222222222223 21 Bangs Leisure Chairs Sensitivity Report 23 Variable Cells 24 Final Reduced Objective Allowable Allowable 25 Cell Name Value Cost Coefficient Increase Decrease 26 $B$14 27 $C$14 Quantity Produced Sling Chairs Quantity Produced Adironack 0 -4.767 42 4.767 1E+30 22.586 0 100 2.266 8.549 28 $D$14 Quantity Produced Hammocks 1.609 89 39.333 2 29 30 Constraints 31 Final Cell Name Value Shadow Price Constraint Allowable Allowable R.H. Side Increase Decrease 33 SE$15 Cutting Hours Used 45.797 0 49 1E+30 4.199 34 $E$16 Assembling Hours Used 49 1.609 49 31.833 35 $E$17 Finishing Hours Used 35.203 0 49 1E+30 25.804 36 $E$18 Total Hours Used 130 19.342 130 46.663
Expert Answer:
Answer rating: 100% (QA)
Solutions Step 1 A oneunit increase in assembly hours available will increase the profit by 1619 The ... View the full answer
Related Book For
Business Analytics Methods Models and Decisions
ISBN: 978-0321997821
2nd edition
Authors: James R. Evans
Posted Date:
Students also viewed these mathematics questions
-
Bangs Leisure Chairs produces three types of handcrafted outdoor chairs that are popular for beach, pool, and patios: sling chairs, Adirondack chairs, and hammocks. The unit profit for these products...
-
2. For the bi-axial stress states listed below, draw the stress element. Calculate the principal stresses, and determine the angle from the x axis to the largest principal stress (01). Draw the new...
-
Find a value of x such that 3 1 [ a = [,7 a . - dt - dt. t 1/4
-
Memphis Ltd. is a private corporation reporting under ASPE. It has recorded all necessary adjusting entries, except for income tax expense, at its fiscal year end October 31, 2014. The following...
-
The Fore Corporation is an integrated food-processing company that has operations in over two dozen countries. Fore's corporate headquarters is in Chicago, and the company's executives frequently...
-
Define a sequence of correlated random numbers \[ s_{k}=\alpha s_{k-1}+(1-\alpha) r_{k} \] where \(r_{k}\) is a unit-variance, uncorrelated, Gaussian pseudorandom number while \(0
-
1. What recommendations would you make to John Wolf with respect to structuring the supplier relationship process for the Wolf Motors dealer Ship network? 2. How might purchasing policies are...
-
An annuity, paid in advance, is indexed to inflation at a rate of r% per period. What is the present value of this indexed annuity given a requirement of an effective investment rate of i% per period...
-
(You would like to check if the current price of a local hospitability stock at RM 2.05 is deemed undervalued using the dividend discount model. The total shareholders equity of this company is RM...
-
Give two examples of feedback control systems in which a human acts as a controller.
-
A group of people elected by a firms shareholders to oversee the operation of a corporation are a. the firms CEO, CFO and COO. b. the firms board of directors. c. the firms line managers. d. All of...
-
Mary Rossi, a student at State College, has a balance of $380 on her retail charge card; if the store levies a finance charge of 21% per year, how much monthly interest will be added to her account?
-
Carla Esposito has an overdraft protection line. Assume that her October 2010 statement showed a latest (new) balance of $862. If the line had a minimum monthly payment requirement of 5% of the...
-
Michael Sutton is trying to decide whether to apply for a credit card or a debit card. He has $7,500 in a savings account at the bank and spends his money frugally. What advice would you have for...
-
OILCO produces three grades of gasoline (regular, premium, and super) by blending three types of crude oil. All three types of crude oil contain two important ingredients (X and Y) required to...
-
What is the back work ratio? What are typical back work ratio values for gas-turbine engines?
-
Figure 13.31 shows the sensitivity report after solving the Crebo Manufacturing model using Solver. Using only the information in the sensitivity report, answer the following questions. a. Explain...
-
A survey of shopping habits found the percentage of respondents that use technology for shopping as shown in Figure 5.37. For example, 17.39% only use online coupons; 21.74% use online coupons and...
-
For the Pro Forma Income Statement model in the Excel file Net Income Models (Figure 11.7), add a scroll bar form control to allow the user to easily change the level of sales from 3,000,000 to...
-
Baggai Enterprises has an ROA of 10 percent, retains 30 percent of earnings, and has an equity multiplier of 1.25. Mondale Enterprises also has an ROA of 10 percent, but it retains two-thirds of...
-
International Business Machines (NYSE: IBM), which currently pays a dividend of \($3.40\) per share, has been the subject of two other examples in this reading. In one example, an analyst estimated...
-
An analyst is preparing a forecast of dividends for Hoshino Distributors for the next five years. He uses a spreadsheet model with the following assumptions: Sales are $100 million in Year 1. They...
Study smarter with the SolutionInn App