Question: The linear programming problem whose output follows is used to determine how many bottles of Hell - bound red nail polish ( x 1 )

The linear programming problem whose output follows is used to determine how many bottles of Hell-bound red nail polish (x1), Blood red nail polish (x2), Bile green nail polish ),
and Pepto-Bismol pink nail polish ) a beauty salon should stock. The objective function measures profit; it's assumed that every piece stocked will be sold. Constraint 1 measures
display space in units. Constraint 2 measures time to set up the display in minutes. (Bile green nail polish does not require any time to prepare its display). Constraints 3 and 4 are
marketing restrictions. Constraint 3 indicates that the maximum demand for Hell-bound red and Bile green polish is 25 bottles. Constraint 4 specifies that the minimum demand for
Blood red, Bile green and Pepto-Bismol pink nail polish bottles combined is at least 50 bottles.
MAX 100x1+120x2+150x3+125x4
such that: x1+2x2+2x3+2x4110
,3x1+5x2+x4120
,x1+x325
,x2+x3+x450
,x1,x2,x3,x40
Optimal Solution:
Objective Function Value =$7,625.00
Objective Cell (Max)
Variable Cells Constraints
Variable Cells
Constraints How much space will be left unused?
How many minutes of idle time remaining for setting up the display?
To what value can the per bottle profit on Hell-bound red nail polish drop before the solution (product mix) would change?
By how much can the per bottle profit on Bile green nail polish increase before the product mix would change?
What is the lowest value for the amount of time available to setup the display before the product mix would change?
You are offered the chance to obtain more space. The offer is for 13 units and the total price is $980. What should you do? Why?
 The linear programming problem whose output follows is used to determine

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!