Question: We solved Garden Mulch problem we formulated previously. We get sensitivity analysis report from Excel as follows. Allowable Increase Name Final Value 125 0 25

We solved Garden Mulch problem we formulated
We solved Garden Mulch problem we formulated
We solved Garden Mulch problem we formulated previously. We get sensitivity analysis report from Excel as follows. Allowable Increase Name Final Value 125 0 25 Reduced Objective Cost Coefficient 09 -0.5 10 Allowable Decrease 0.333333333 1E+30 0.6 0.5 M C Name Pine Bark Machine Time Labor Hour Storage Bag Final Value 700 375 Shadow Price 1.5 0 Constraint R.H. Side 700 600 480 150 Allowable Increase 50 1E+30 1E+30 23.68421053 Allowable Decrease 150 225 155 10 0 150 1.5 1) What is the maximum price the store would be justified in paying for additional pine bark? In other words, what is the marginal value of a pound of pine bark? (Round your answer to 2 decimal places. Omit the "$" sign in your response.) 1) What is the maximum price the store would be justified in paying for additional pine bark? In other words, what is the marginal value of a pound of pine bark? (Round your answer to 2 decimal places. Omit the "$" sign in your response.) The marginal value of a pound of barklis $ 2) Over what range is this price value appropriate? This marginal value is in effect from A lbs. to lbs. of bark

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!