• How much would you pay for an additional unit of Resource 2 (Constraint 2)? • Suppose you were to acquire 150 additional units of Resource 1 (Constraint 1), what would your new objective value be?
• How much would you pay for an additional unit of Resource 2 (Constraint 2)? • Suppose you were to acquire 150 additional units of Resource 1 (Constraint 1), what would your new objective value be?
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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Question
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![Given the following output for the optimal solution for a 4 variable (named BR, IC, COLA, and PC) and a 4 resource
(constraint) problem; where the optimal objective function value is 1000 (and it is a maximization problem). Please write a
short summary that answers the following questions:
• How much would you pay for an additional unit of Resource 2 (Constraint 2)?
• Suppose you were to acquire 150 additional units of Resource 1 (Constraint 1), what would your new objective value
be?
In your follow-up posts please clarify any issues or justify your answers.
Variable Cells
Cell
Name
Final Value Reduced Cost Objective Coefficient Allowable Increase Allowable Decrease
$B$2 Variabies BR
-30
50
30
1E+30
$C$2 Variables IC
-20
20
20
1E+30
$D$2 Variables COLA
33.333333
30
1E+30
6
$E$2 VariabiesPC
-20
80
20
1E+30
Constraints
Cell
Name
Final Value
Shadow Price
Constraint R.H. Side
Allowable Increase
Allowable Decrease
$F$5 Resource 1
500
500
1E+30
380
$F$6 Resource 2
1E+30
$F$7 Resource 3
133.33333
10
123.3333333
1E+30
$F$8 Resource 4
33.333333
8.
25.33333333
1E+30](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F863bce61-73e6-4502-9eaf-41fe0bc5b942%2F22ea1fdc-0af1-4a71-aa12-8a0d3728abf8%2Fhml4jw_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Given the following output for the optimal solution for a 4 variable (named BR, IC, COLA, and PC) and a 4 resource
(constraint) problem; where the optimal objective function value is 1000 (and it is a maximization problem). Please write a
short summary that answers the following questions:
• How much would you pay for an additional unit of Resource 2 (Constraint 2)?
• Suppose you were to acquire 150 additional units of Resource 1 (Constraint 1), what would your new objective value
be?
In your follow-up posts please clarify any issues or justify your answers.
Variable Cells
Cell
Name
Final Value Reduced Cost Objective Coefficient Allowable Increase Allowable Decrease
$B$2 Variabies BR
-30
50
30
1E+30
$C$2 Variables IC
-20
20
20
1E+30
$D$2 Variables COLA
33.333333
30
1E+30
6
$E$2 VariabiesPC
-20
80
20
1E+30
Constraints
Cell
Name
Final Value
Shadow Price
Constraint R.H. Side
Allowable Increase
Allowable Decrease
$F$5 Resource 1
500
500
1E+30
380
$F$6 Resource 2
1E+30
$F$7 Resource 3
133.33333
10
123.3333333
1E+30
$F$8 Resource 4
33.333333
8.
25.33333333
1E+30
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