Question: Objective function: MAX: 1 . 4 8 W + 1 . 3 3 R + 2 . 2 8 F Subject to: Constraints: C 1
Objective function: MAX: W R F
Subject to:
Constraints:
CUse at least white wine: W R F
CUse at least rose wine: W R F
CUse no more than fruit juice: W R F
CMax available white: W
CMax available rose: R
CMax available fruit juice: F
CNonnegativity: W R F
Instructions:
Use an existing spreadsheet posted on Canvas and revise it to create a Solver model and to generate a sensitivity report.
Answer the questions below in your Excel spreadsheet.
Submit your Excel spreadsheet with your answers to the Canvas Assignment.
Part a How many of each ingredient should be purchased, and what is the value of the objective function Total Profit List Part a by your answers. points
Note: You must answer all Sensitivity Analysis questions below in the upper right hand part of your spreadsheet as shown in all Sensitivity examples posted on Canvas
Part b Use the Sensitivity Report that you generated and refer to your original answer. Assume that we will decrease the Net Profit per gallon of F to $ Label your answers,
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
