Question: please use Solver and sensitivity report in excel to show how to solve. Thank you in advance! AM= number of cases of Model A to

please use Solver and sensitivity report in excel to show how to solve. Thank you in advance!
please use Solver and sensitivity report in excel
please use Solver and sensitivity report in excel
AM= number of cases of Model A to manufacture BM= number of cases of Model B to manufacture CM= number of cases of Model C to manufacture DM=number of cases of Model D to manufacture AP = number of cases of Model A to purchase BP = number of cases of Model B to purchase CP = number of cases of Model C to purchase DP = number of cases of Model D to purchase Objective function: MIN: 8.2AM +9.1BM +6.5CM+8.8DM+8.5AP +9.5BP + 5.9CP + 7.1DP Subject to: Constraints: C1 (Demand for Model A): 1AM + LAP= 300 C2 (Demand for Model B): IBM + IBP = 500 C3 (Demand for Model C): 1CM+1CP = 600 C4 (Demand for Model D): IDM + IDP = 705 C5 (Injection molding time): 10.2AM + 3.1BM +2.5CM+3.2DM 0 a After running your Solver model and generating a sensitivity report, you must answer the questions listed below in your Excel file. (Continued on next page) 2 Problem 1 - Part a) Use the Sensitivity Report that you generated and refer to your original answer. Assume that we will increase the value of the coefficient of CP to 6.4: Amount of the Increase equals what value? The Allowable Increase equals what value? Is this change within the Allowable Increase? What will the new objective function value equal? Problem 1 - Part b) Use the Sensitivity Report that you generated and refer to your original answer. Assume that we will decrease the right-hand-side value of C6 to 705: Amount of the Decrease equals what value? The Allowable Decrease equals what value? Is this change within the Allowable Decrease? What will the new objective function value equal

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!