GENERATE THE DECISION VARIABLE SOLUTION AND GENERATE AN ANSWER REPORT 1. Southern Sporting Goods Company makes basketballs and footballs. Each product is produced from two resources-rubber and leather. The resource requirements for each product and the total resources available are as follows: Resource requirements per unit Rubber (lb) Leather (ft2) Product Basketball 3 4 Football 2 5 800 ft2 Total Resources available 500 lb Each basketball produced results in a profit of $12, and each football earns $16 in profit. Required: a. Solve the model formulated for Southern Sporting Goods Company using the computer. b. What would be the effect on the optimal solution if the profit for a basketball changed from $12 to $13? What would be the effect if the profit for a football changed from $16 to $15? c. What would be the effect on the optimal solution if 500 additional pounds of rubber could be obtained? What would be the effect if 500 additional square feet of leather could be obtained?

GENERATE THE DECISION VARIABLE SOLUTION AND GENERATE AN ANSWER REPORT 1. Southern Sporting Goods Company makes basketballs and footballs. Each product is produced from two resources-rubber and leather. The resource requirements for each product and the total resources available are as follows: Resource requirements per unit Rubber (lb) Leather (ft2) Product Basketball 3 4 Football 2 5 800 ft2 Total Resources available 500 lb Each basketball produced results in a profit of $12, and each football earns $16 in profit. Required: a. Solve the model formulated for Southern Sporting Goods Company using the computer. b. What would be the effect on the optimal solution if the profit for a basketball changed from $12 to $13? What would be the effect if the profit for a football changed from $16 to $15? c. What would be the effect on the optimal solution if 500 additional pounds of rubber could be obtained? What would be the effect if 500 additional square feet of leather could be obtained?

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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