Question: Chapter 4 , Problem 4 Implement the following LP model in a spreadsheet. Use Solver to solve the problem and create a Sensitivity Report. Use
Chapter Problem
Implement the following LP model in a spreadsheet. Use Solver to solve the problem and
create a Sensitivity Report. Use this information to answer the following questions:
a Which of the constraints are binding at the optimal solution?
b Is the optimal solution to this problem unique, or is there an alternate optimal solution?
c What is the optimal solution to this problem if the value of the objective function
coefficient for variable is zero?
d How much can the objective function coefficient for variable decrease before changing
the optimal solution?
e Given the objective in this problem, if management could increase the RHS value for any
of the constraints for identical costs, which would you choose to increase and why?
Submit your Excel spreadsheet.
a Write your answer and provide explanation here.
b Write your answer and provide explanation here.
c Write your answer and provide explanation here.
d Write your answer and provide explanation here.
e Write your answer and provide explanation here.
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