Question: Implement the following profit maximization LP model in a spreadsheet. Use Solver to solve the problem and create a Sensitivity Report. Use this information to
Implement the following profit maximization LP model in a spreadsheet. Use Solver
to solve the problem and create a Sensitivity Report. Use this information to answer the following
questions.
MAX: $X $X
Subject to:
XX
XX
X
a What is the optimal solution to this problem? Points
b For what ranges of values, holding all else constant, could each of the objective function
coefficients be changed without changing the optimal solution? Points
c If we could obtain one additional unit of resource how would it impact profit? Over what range
of RHS values could we rely upon this value? Points
d If we were to give up one unit of resource How would it impact profit? Points
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