Vv Robin Tires, Inc. makes two types of tires, one for SUVs and the other forHatchbacks. The firm has the following limits-500 hours for production, 250hours for packaging, and 150 hours for shipping. The times required per tiretype is given in the following table.TypeProduction Hours Packaging Shipping Profit/TireSUV tires1.5Hatchback tires 21.5.7510.5$25$17Here's the sensitivity report of this optimization (profit maximization) problemfrom Excel Solver:If the firm's packaging time constraint is decreased from 250 hours to 230hours, what would be the new optimal profit?

Answered: he following limits-500 hours for pro…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

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he following limits-500 hours for pro 50 hours for shipping. The times requir ng table. ion Hours Packaging Shipping Pr 1.5 .75 1 0.5 of this optimization (profit maximizati constraint is decreased from 250 hour new optimal profit?