Question: Consider a resource allocation problem having the following data: Resource Usage Per Unit of Each Activity Resource 1 2 Amount of Resource Available 1 1
Consider a resource allocation problem having the following data:
| Resource Usage Per Unit of Each Activity | |||
|---|---|---|---|
| Resource | 1 | 2 | Amount of Resource Available |
| 1 | 1 | 2 | 10 |
| 2 | 1 | 3 | 12 |
| Unit Profit | $2 | $5 |
The objective is to determine the number of units of each activity to undertake so as to maximize the total profit.
While doing what-if analysis, you learn that the estimates of the unit profits are accurate only to within 50 percent. In other words, the ranges of likely values for these unit profits are $1 to $3 for activity 1 and $2.50 to $7.50 for activity 2.
Also check whether the optimal solution remains optimal if the unit profit for activity 1 still is $2 but the unit profit for activity 2 changes from $5 to $2.50. Does the optimal solution change?
From $5 to $7.50. Does the optimal solution change?
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