Problem Solving

Follow the steps below to solve the problem.

Step $1$

Set up the core problem without the two extra constraints.

Solve the problem using solver.

Compare your objective function value with your group.

Step $2$

Discuss how to set up the two additional constraints $($recall elementary alge There is also a hint available on the next page$).$

Set up the constraints in the solver and run it$.$

Compare your objective function value with the group.

Step $3$

Read the sensitivity report and answer the following questions:

How many shoes of each type do we make?

How much more $($and less$)$ can we charge for each pair without changing the final value?

What does the shadow price tell us$?$