Question: USE EXCEL TO PRODUCE SENSITIVITY ANALYSIS REPORT THEN ANSWER QUESTION!! 5 Radioco manufactures two types of radios. The only scarce resource that is needed to
USE EXCEL TO PRODUCE SENSITIVITY ANALYSIS REPORT THEN ANSWER QUESTION!!
Radioco manufactures two types of radios. The only scarce resource that is needed to produce radios is labor. At present, the company has two laborers. Laborer is willing to work up to hours per week and is paid $ per hour. Laborer will work up to hours per week for $ per hour. The price as well as the resources required to build each type of radio are given in Table
Letting be the number of Type i radios produced each week, Radioco should solve the following LP:
maxz
a For what values of the price of a Type radio would the current basis remain optimal?
b For what values of the price of a Type radio would the current basis remain optimal?
TABLE
tableRadio Radio Price $tableResourceRequiredPrice $tableResourceRequiredtableLaborer : hourLaborer : hoursRaw materialcost: $
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