Question: Questions: a) Which resource, material or labor, is most sensitive to change? Why? Answer with given output. b) The manager found that the available labor

Questions:

a) Which resource, material or labor, is most sensitive to change? Why? Answer with given

output.

b) The manager found that the available labor hours is only 32, not 35. What would be the new objective value? Why? Answer with given output.

Questions: a) Which resource, material or labor,

1. Consider the following LP model and its LINDO output. The variables x, y and z are product types to be produced. The objective is to maximize the profit and there are limits on materials and labor hours. LP Model Max 2x + 3y + 5z s.t. Material) 2x + 7y + 5z Labor) 3x + 2y + 5z N ROW RIGHT HAND SIDE RANGES ALLOWABLE INCREASE 3.333333 INFINITY CURRENT RHS 20.000000 35.000000 MATERIAL LABOR ALLOWABLE DECREASE 20.000000 5.000000 LINDO output end Answer the following questions with given LINDO output above. Don't solve additional model and don't attach software output

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!