If the spreadsheet and Excel Solver results are given to you as follows (see Table 1 below), address the following questions: 1. What are your Binding Constraints? 2. What is your Optimum profit [hint: maximized profit]? 3. What are your slack values for Pine, Oak, and Labor? 4. Looking at the Shadow prices, how much would the objective profit increase by if you were to increase labor hours by 50? 5. If the optimum solution for standard desk stays the same, but deluxe desk numbers increased, what would be your estimated deluxe desks in this case? Would you recommend this option? Why? Hints: Notice that by increasing labor hours by 50, the S stays as an original optimum solution given in the Information of Solver, but D will increase. The question is asking you to find how much the objective profit would go up and what would be the estimated number for D (calculated from your constraints. Decimal number is accepted]. 6. What would be the changes in objective profits, if we increase the Pine by one unit and the Oak by one unit, i.e., Pine available=5001 and Oak available=751 7. What % of available Oak can be reduced without it affecting the current (given) optimum solution? 8. What % of available Pine can be reduced without affecting the current (given) optimum solution? 9. How much should the standard desk unit profit of $150 be increased by in order for Standard desks to be produced (.e. become a positive number)? Given results after developing the excel LP and Solver Excel program Availability Standard Deluxe Din 80 60 5000 If the spreadsheet and Excel Solver results are given to you as follows (see Table 1 below), address the following questions: 1. What are your Binding Constraints? 2. What is your Optimum profit [hint: maximized profit]? 3. What are your slack values for Pine, Oak, and Labor? 4. Looking at the Shadow prices, how much would the objective profit increase by if you were to increase labor hours by 50? 5. If the optimum solution for standard desk stays the same, but deluxe desk numbers increased, what would be your estimated deluxe desks in this case? Would you recommend this option? Why? Hints: Notice that by increasing labor hours by 50, the S stays as an original optimum solution given in the Information of Solver, but D will increase. The question is asking you to find how much the objective profit would go up and what would be the estimated number for D (calculated from your constraints. Decimal number is accepted]. 6. What would be the changes in objective profits, if we increase the Pine by one unit and the Oak by one unit, i.e., Pine available=5001 and Oak available=751 7. What % of available Oak can be reduced without it affecting the current (given) optimum solution? 8. What % of available Pine can be reduced without affecting the current (given) optimum solution? 9. How much should the standard desk unit profit of $150 be increased by in order for Standard desks to be produced (.e. become a positive number)? Given results after developing the excel LP and Solver Excel program Availability Standard Deluxe Din 80 60 5000