Question: Please respond utillzing the excel attached: QUESTION 2 ( 8 points ) : The Hickory Cabinet and Furniture Company had some changes in supplier and
Please respond utillzing the excel attached:
QUESTION points:
The Hickory Cabinet and Furniture Company had some changes in supplier and buyer contracts, as well
as labor opportunities. The sofa retailer left the profit at $ per sofa, while a contract with another
retailer increased the profit on chairs to $ and on tables to $ Additionally, the upholstery vendor
decided to sell in lots of size meaning the available upholstery is now only yards since the
company doesn't want to buy yards at a time current is yds available at a time As a result of
another plant going out of business, the labor supply increased to hours. Based on changes in the
profit amounts and available resources, the sensitivity output for this formulation is provided in the
worksheet named "Hickory Use the output the answer the following questions.
a Point: In cells J:L input the values of the decision variables that result from the new
model solution.
b Point: In cells J:K input the lower and upper range of sofa profit for which the
optimal decision variables would remain the same.
c Point: In J input the value that represents how much table profit would have to
increase by to have a solution that includes making tables.
d Point: In cell J input either the words "change" or no change" to indicate what
would happen to the optimal solution if chair profit could be increased by $
e Point: In cell J input the value that indicates the amount of the wood resource
remaining.
f Point: In cell J input the value indicating the maximum amount the company would
be willing to pay for an additional yard of upholstery.
g Point: In cell J input the value representing how much more profit could be obtained
by obtaining additional hours of labor.
h Point: In cell J input the value representing how much profit would be lost if
warehouse capacity dropped by pieces of furniture.Question
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