Formulate and solve a spreadsheet model for this problem. Then use Solver's sensitivity report to find the allowable range for the unit profit of each activity. a. Determine the number of units of each activity to undertake. Note: If an allowable increase/decrease is 10,000 or larger, simply enter 10,000. Round "Allowable Increase - Solution Activity 1" answer to 1 decimal place. Round "Allowable Decrease - Solution Activity 1" answer to 2 decimal places. Name Solution activity 1 Solution activity 2 Name Resource 1 used Resource 2 used b. Determine the total profit. Final Value Final Value Reduced Cost Shadow Price 0 0 1 Objective Coefficient 2 5 Constraint Right- Hand Side 10 12 Allowable Increase Allowable Increase Allowable Decrease Allowable Decrease
Formulate and solve a spreadsheet model for this problem. Then use Solver's sensitivity report to find the allowable range for the unit profit of each activity. a. Determine the number of units of each activity to undertake. Note: If an allowable increase/decrease is 10,000 or larger, simply enter 10,000. Round "Allowable Increase - Solution Activity 1" answer to 1 decimal place. Round "Allowable Decrease - Solution Activity 1" answer to 2 decimal places. Name Solution activity 1 Solution activity 2 Name Resource 1 used Resource 2 used b. Determine the total profit. Final Value Final Value Reduced Cost Shadow Price 0 0 1 Objective Coefficient 2 5 Constraint Right- Hand Side 10 12 Allowable Increase Allowable Increase Allowable Decrease Allowable Decrease
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Transcribed Image Text:Unit Profit
Resource 1
Resource 2
Activity 1
$2
Name
Solution activity 1
Solution activity 2
Name
Resource Usage
2
Resource 1 used
Resource 2 used
1
1
Formulate and solve a spreadsheet model for this problem. Then use Solver's sensitivity report to find the allowable range for the unit
profit of each activity.
a. Determine the number of units of each activity to undertake.
Note: If an allowable increase/decrease is 10,000 or larger, simply enter 10,000. Round "Allowable Increase - Solution Activity 1"
answer to 1 decimal place. Round "Allowable Decrease - Solution Activity 1" answer to 2 decimal places.
b. Determine the total profit.
Activity 2
$5
Final
Value
Available
10
12
Final
Value
Reduced
Cost
Shadow
Price
0
0
1
1
Objective
Coefficient
2
5
Constraint Right-
Hand Side
10
12
Allowable
Increase
Allowable
Increase
Allowable
Decrease
Allowable
Decrease
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