Question: Problem 4 : Implement the following LP model in a spreadsheet. Use Solver to solve the problem and create a Sensitivity Report. Use this information

Problem 4: Implement the following 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: 2X1+4X2
Subject to: -X1+2X2<=8
X1+2X2<=12
X1+ X2>=2
a) Which of the constraints are binding at the optimal solution?
b) Is the optimal solution to this problem unique, or is there an alternate
optimal solution?
c) What is the optimal solution to this problem if the value of the objective
function coefficient for variable X1is zero?
d) How much can the objective function coefficient for variable X2
decrease before changing the optimal solution?
e) Given the objective in this problem, if management could increase the
RHS value for any of the constraints for identical costs, which would you
choose to increase and why

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