Question: BUSI 2013 4th Learning Activity Spring 2021 (3) (8 points) Which constraints are binding? (4) (8 points) What are the shadow prices? Interpret each. (5)

BUSI 2013 4th Learning Activity Spring 2021 (3)

BUSI 2013 4th Learning Activity Spring 2021 (3) (8 points) Which constraints are binding? (4) (8 points) What are the shadow prices? Interpret each. (5) (8 points) If you could change the right-hand side of one constraint by one unit, which one would you choose? why? 4. (24 points) Referring to sensitivity report in problem 3, Page 6 of 7 BUSI 2013 4th Learning Activity Spring 2021 (1) (8 points) Interpret the ranges of optimality for the objective function coefficients. (2) (8 points) Suppose that the manufacturing cost increases to $11.20 per case for model A. What is the new optimal solution? (3) (8 points) Suppose that the manufacturing cost increases to $11.20 per case for model A and the manufacturing cost for model B decreases to $5 per unit. Would the optimal solution change? Page 7 of 7 BUSI 2013 4th Learning Activity Spring 2021 (3) (8 points) Which constraints are binding? (4) (8 points) What are the shadow prices? Interpret each. (5) (8 points) If you could change the right-hand side of one constraint by one unit, which one would you choose? why? 4. (24 points) Referring to sensitivity report in problem 3, Page 6 of 7 BUSI 2013 4th Learning Activity Spring 2021 (1) (8 points) Interpret the ranges of optimality for the objective function coefficients. (2) (8 points) Suppose that the manufacturing cost increases to $11.20 per case for model A. What is the new optimal solution? (3) (8 points) Suppose that the manufacturing cost increases to $11.20 per case for model A and the manufacturing cost for model B decreases to $5 per unit. Would the optimal solution change? Page 7 of 7

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