Part d only Deluxe River Cruises operates a fleet of river vessels. The fleet has two types of vessels: a type A, x, vessel has 60 deluxe cabins and 160 standard cabins, whereas a type B vessel, y, has 80 deluxecabins and 120 standard cabins. Under a charter agreement with the Odyssey Travel Agency, Deluxe River Cruises is to provide Odyssey with a minimum of 360 deluxe and 680 standard cabins fortheir 15-day cruise in May. It costs $70,000 to operate a type A vessel and $54,000 to operate a type B vessel for that period.(a) How many of each type of vessel should be used to keep the operating costs C to a minimum?The minimum is C-302000✓at (x,y)-(2,3(b) Suppose C cx + 54,000y. Find the range of values that the cost of operating a type A vessel, the coefficient c of x, can assume without changing the optimal solution.40500✓scs 72000(c) Find the range of values that Requirement 1 for deluxe cabins can assume. (Requirement 1 pertains to the deluxe cabin requirement.)266✓s (Requirement 1) s 13603(d) Find the shadow price for Requirement 1 for deluxe cabins. (Round your answer to the nearest cent.)Enter a number

Given data is Vessel Deluxe cabins Standard cabins Cost ($) A 60 160 70,000 B 80 120 54,000…

Answered: Part d only

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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