Question: Problem 1 : SABA toy manufacturers make four different types of stuffed animals. The following LP model has been developed for the company. table
Problem : SABA toy manufacturers make four different types of stuffed animals. The following LP model has been developed for the company.
tableLet Number of stuffed bears,,,, Number of stuffed rabbits,,,, Number of stuffed dogs,,,, Number of stuffed cats,,,,The LP Model,PRODUCTS,,,Available,RESOURCESConstraint Stuffing in poundsConstraint Yards of fabricConstraint Assembly time in hoursConstraint Pieces of trimProfitunit$$
a Solve the above Linear programming problem and obtain sensitivity analysis.
DO NOT CHANGE ANY OF THE UNITS
Use your sensitivity output to answer the following questions.
b Which constraints areis nonbinding and what does it mean?
Constraint is nonbinding it means that it does not affect the optimal solution
c If the profit per unit of stuffed rabbits is increased by $ will the optimal solution change?
What would be the new value of the objective function? Give the new value here
No the optimal solution will not change because it can be increased by up to without changing the solution.
The new objective function would be
d As you note, at optimum no stuffed cats X are being produces.
What should the profit per unit of stuffed cats X so it becomes profitable to produce it Explain how you arrived at the value.
The profit per unit for stuffed cats should be
The allowable increase for stuffed cats is therefore increasing it by that much should make it profitable to produce.
e Fifty yards of fabric can be obtained at above the current cost.
Should the additional yards of fabric be obtained at the quoted cost? Why or why not? Fully explain.
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