Question: QUESTION 4: Sensitivity Analysis (16 POINTS) Given results after developing the excel LP and Solver: Consider the following linear programming Solver Sensitivity Report: MIN 4X1+5X2+6X3

QUESTION 4: Sensitivity Analysis (16 POINTS)

QUESTION 4: Sensitivity Analysis (16 POINTS) Given results after developing the excel LP and Solver: Consider the following linear programming Solver Sensitivity Report: MIN 4X1+5X2+6X3 Variable Cells S.T. Name Final Reduced Objective Allowable Allowable Value Cost Coefficient Increase Decrease 0 1.5 4 1E+30 1.5 80 0 5 1 5 1) X1+X2+X3 280 Constraints 3) 2X1+4x2+4x3 > 320 Name Final Shadow Constraint Allowable Allowable Value Price R.H. Side Increase Decrease 80 0 85 1E+30 5 320 0 280 40 1E+30 Constraint 1 Constraint 2 Constraint 3 320 1.25 320 20 40 a. What is the optimal solution? b. Which constraints are binding? c. What are the dual prices (shadow price) for each resource? Interpret. d. Compute and interpret the ranges of optimality

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