Question: Could you please solve this using excel and show a step by step way to plug it in . Really struglling with this question Q
Could you please solve this using excel and show a step by step way to plug it in Really struglling with this question
Q pts One of the many linear programming applications is in doing costtobenefit analysis. The objective is to select a combination of benefits so as to minimize the cost premium while satisfying all the benefits goals.
The decision variables here are the levels of four activities A A A and A The linear programming formulation looks like as below:
Minimize Total Cost
Subject :
Benefit :
Benefit :
Benefit :
are algreater than or equal to
a Solve this problem using Solver, and save results and sensitivity analysis. Write down and interpret the solution.
b Which constraints are binding? If you relax the first constraint to what will be the impact on the total cost? If you increase the second constraint to what will be the impact on the total cost? Note: Look at the sensitivity analysis to answer this question.
c If the cost of A was decreased to what will be the impact on the solution? Note: Look at the sensitivity analysis to answer this question.
Q pts When you examined the solution to Problem it did not make sense. The decision variables must be integers. Solve the problem again using Solver to get an allinteger solution. Write down and interpret the solution. Why is the cost for this solution higher than the solution in Q
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