INSTRUCTIONS: 1. Read and understand the cases/problems properly. 2. Create an excel solution for each problem, using the solver engine to generate the decision variable solution. Create a separate SHEET for each problem. Also, for each problem, generate an ANSWER REPORT and a SENSITIVITY 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) Product Leather (ft2) Basketball 3 4 Football 2 5 Total Resources available 500 lb 800 ft2 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?

INSTRUCTIONS: 1. Read and understand the cases/problems properly. 2. Create an excel solution for each problem, using the solver engine to generate the decision variable solution. Create a separate SHEET for each problem. Also, for each problem, generate an ANSWER REPORT and a SENSITIVITY 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) Product Leather (ft2) Basketball 3 4 Football 2 5 Total Resources available 500 lb 800 ft2 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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PLEASE FOLLOW THE INSTRUCTIONS AND DO THIS TYPEWRITTEN ONLY. I WILL UPVOTE FOR YOUR GREATEST EFFORT. THANK YOU SO MUCH

INSTRUCTIONS:
1. Read and understand the cases/problems properly.
2. Create an excel solution for each problem, using the solver engine to generate the decision variable
solution. Create a separate SHEET for each problem. Also, for each problem, generate an ANSWER
REPORT and a SENSITIVITY 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?

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