Question: ( worth 4 0 points ) The Good - to - Go Suitcase Company makes three kinds of suitcases: ( 1 ) Standard, ( 2
worth points The GoodtoGo Suitcase Company makes three kinds of suitcases: Standard, Deluxe, and Luxury styles. Each suitcase goes through four production stages: cutting and coloring, assembly, finishing, and quality and packaging. The total number of hours available in each of these departments is and respectively. Each Standard suitcase requires hours of cutting and coloring, hours of assembly, hour of finishing, and hours of quality and packaging. The corresponding numbers for each Deluxe suitcase are hour, hours, hours, and hours, respectively. Likewise, the corresponding numbers for each Luxury suitcase are hour, hours, hours, and hours, respectively.
The sales revenue for each type of suitcase is as follows: Standard $ Deluxe $ and Luxury $ The material costs are Standard $ Deluxe $ and Luxury $ The hourly cost of labor for each department is cutting and coloring $ assembly $ finishing $ and quality and packaging $
The Excel layout and LP Sensitivity Report of GoodtoGo's problem are shown in Screenshots A and B respectively. Each of the following questions is independent of the others.
In the Spreadsheet for GoodtoGo Suitcase Company below:
a What cells designate the Decision Variables?
b What cells designate the Objective Solution problem answer
c In the equations, which of the cells should employ absolute addressing?
d What is the optimal production plan shown by the spreadsheet? The optimal production plan is :
tableProduceStandard suitcasesProduceDeluxe suitcasesProduceuxury suitcasesfor a total profit of
e b Which resources are binding and why? List all that apply
The Binding Resources are:
since there are four constraints, Could be or answers here
How did you determine the above resources binding?
f Suppose GoodtoGo is considering including a polishing process, the cost of which would be added directly to the price. Each Standard suitcase would require minutes of time in this treatment,Microsoft Excel Sensitivity Report
Problems P GoodtoGo Suitcase Company
Variable Cells
tableCellName,tableFinalValuetableReducedCosttableObjectiveCoefficienttableAllowableIncreasetableAllowableDecrease$ B $Solution value Standard,$$Solution value Deluxe,SD$Solution value Luxury,
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