Question: ( worth 4 0 points ) The Good - to - Go Suitcase Company makes three kinds of suitcases: ( 1 ) Standard, ( 2

(worth 40 points) The Good-to-Go Suitcase Company makes three kinds of suitcases: (1) Standard, (2) Deluxe, and (3) Luxury styles. Each suitcase goes through four production stages: (1) cutting and coloring, (2) assembly, (3) finishing, and (4) quality and packaging. The total number of hours available in each of these departments is 630,600,708, and 135, respectively. Each Standard suitcase requires 0.7 hours of cutting and coloring, 0.5 hours of assembly, 1 hour of finishing, and 0.1 hours of quality and packaging. The corresponding numbers for each Deluxe suitcase are 1 hour, 56 hours, 23 hours, and 0.25 hours, respectively. Likewise, the corresponding numbers for each Luxury suitcase are 1 hour, 23 hours, 0.9 hours, and 0.4 hours, respectively.
The sales revenue for each type of suitcase is as follows: Standard $36.05, Deluxe $39.50, and Luxury $43.30. The material costs are Standard $6.25, Deluxe $7.50, and Luxury $8.50. The hourly cost of labor for each department is cutting and coloring $10, assembly $6, finishing $9, and quality and packaging $8.
The Excel layout and LP Sensitivity Report of Good-to-Go's problem are shown in Screenshots 4-11A and 4-11B, respectively. Each of the following questions is independent of the others.
In the Spreadsheet for Good-to-Go Suitcase Company below:
a. What cell(s) designate the Decision Variables?
b. What cell(s) designate the Objective Solution (problem answer)?
c. In the equations, which of the cells should employ absolute addressing?
d. What is the optimal production plan shown by the spreadsheet? The optimal production plan is :
\table[[Produce,Standard suitcases],[Produce,Deluxe suitcases],[Produce,-uxury suitcases],[for a total profit of,]]
e. b. Which resources are binding and why? List all that apply
The Binding Resources are:
(since there are four constraints, Could be 1,2,3, or 4 answers here)
How did you determine the above resources binding?
f. Suppose Good-to-Go is considering including a polishing process, the cost of which would be added directly to the price. Each Standard suitcase would require 10 minutes of time in this treatment,Microsoft Excel 14.0 Sensitivity Report
Problems P4.22823. Good-to-Go Suitcase Company
Variable Cells
\table[[Cell,Name,\table[[Final],[Value]],\table[[Reduced],[Cost]],\table[[Objective],[Coefficient]],\table[[Allowable],[Increase]],\table[[Allowable],[Decrease]]],[$ B $4,Solution value Standard,540.00,0.00,10.00,3.50,2.56],[$C$4,Solution value Deluxe,252.00,0.00,9.00,5.29,1.61],[SD$4,Solution value Luxury,0.00,-1.12,9.50,1.12,1E30
( worth 4 0 points ) The Good - to - Go Suitcase

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