Маx 11X + 16Y subject to 8X +5Y 30 3X + 2Y 2 25 5X + 2Y < 148 X 20 Y 20 Consider the linear optimization model displayed above. 1. Set-up the model in an Excel spreadsheet. 2. Use the Solver add-in to solve for the optimal solution. 3. Generate the answer and sensitivity reports from Solver. After solving the problem and generating the Solver reports, answer the following questions: a) What is the optimal value of x? A b) What is the optimal value of y?
Маx 11X + 16Y subject to 8X +5Y 30 3X + 2Y 2 25 5X + 2Y < 148 X 20 Y 20 Consider the linear optimization model displayed above. 1. Set-up the model in an Excel spreadsheet. 2. Use the Solver add-in to solve for the optimal solution. 3. Generate the answer and sensitivity reports from Solver. After solving the problem and generating the Solver reports, answer the following questions: a) What is the optimal value of x? A b) What is the optimal value of y?
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:c) What is the value of the objective function at the optimal solution?
d) How many of the constraints are binding?
e) Consider increasing the coefficient of X in the objective function. What is the
largest value the coefficient of X can take without changing the optimal solution?
f) Suppose the right-hand side (RHS) of the third constraint could be increased to
150. How much will the objective function increase in value?
g) From the "Sensitivity Report," what is the allowable increase for the RHS value of
the first constraint?
Transcribed Image Text:Маx
11X + 16Y
subject to
8X +5Y 30
3X + 2Y > 25
5X + 2Y < 148
X 2 0
Y 2 0
Consider the linear optimization model displayed above.
1. Set-up the model in an Excel spreadsheet.
2. Use the Solver add-in to solve for the optimal solution.
3. Generate the answer and sensitivity reports from Solver.
After solving the problem and generating the Solver reports, answer the following
questions:
a) What is the optimal value of x?
b) What is the optimal value of y?
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