Homework Help is Here – Start Your Trial Now!
Business
Operations Management
The table below represents the sensitivity report of a profit maximization problem with possible activities X1 and X2, which are constrained by resources C1, C2, and C2. 6 Variable Cells 7 8 9 10 11 12 Constraints 13 14 15 Cell Name $B$2 Activity Levels X1 $C$2 Activity Levels X2 16 17 10 Cell $D$6 C1 LHS $D$7 C2 LHS $D$8 C3 LHS Name True False Final Reduced Objective Allowable Allowable Value Cost Coefficient Increase Decrease 4 4 0 0 16 20 4 Final Shadow Constraint Value Price R.H. Side 2 5 0 0.5 4.5 18 1E+30 Allowable Allowable Increase Decrease 1E+30 16 2 4.5 20 20 4 1.454545455 4 16 4 If the company is offered 10 additional units of the resource represented by constraint 2 (C2) at a total cost of 10 dollars they should make that purchase.

The table below represents the sensitivity report of a profit maximization problem with possible activities X1 and X2, which are constrained by resources C1, C2, and C2. 6 Variable Cells 7 8 9 10 11 12 Constraints 13 14 15 Cell Name $B$2 Activity Levels X1 $C$2 Activity Levels X2 16 17 10 Cell $D$6 C1 LHS $D$7 C2 LHS $D$8 C3 LHS Name True False Final Reduced Objective Allowable Allowable Value Cost Coefficient Increase Decrease 4 4 0 0 16 20 4 Final Shadow Constraint Value Price R.H. Side 2 5 0 0.5 4.5 18 1E+30 Allowable Allowable Increase Decrease 1E+30 16 2 4.5 20 20 4 1.454545455 4 16 4 If the company is offered 10 additional units of the resource represented by constraint 2 (C2) at a total cost of 10 dollars they should make that purchase.

Practical Management Science
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...
See similar textbooks
icon
Related questions
Question

No hand written solution and no image 

The table below represents the sensitivity report of a profit maximization problem with possible activities X1 and X2, which are constrained by resources C1, C2, and C2. 6 Variable Cells 7 8 9 10 Name Cell $B$2 Activity Levels X1 $C$2 Activity Levels X2 11 12 Constraints 13 14 15 16 17 18 Cell $D$6 C1 LHS $D$7 C2 LHS $D$8 C3 LHS Name True False Final Reduced Objective Allowable Allowable Value Cost Coefficient Increase Decrease 4 4 0 0 16 20 4 Final Shadow Constraint Value Price R.H. Side 2 5 0 0.5 4.5 18 1E+30 Allowable Allowable Increase Decrease 20 20 4 1.454545455 1E+30 16 2 4.5 4 16 4 If the company is offered 10 additional units of the resource represented by constraint 2 (C2) at a total cost of 10 dollars they should make that purchase.
Transcribed Image Text:The table below represents the sensitivity report of a profit maximization problem with possible activities X1 and X2, which are constrained by resources C1, C2, and C2. 6 Variable Cells 7 8 9 10 Name Cell $B$2 Activity Levels X1 $C$2 Activity Levels X2 11 12 Constraints 13 14 15 16 17 18 Cell $D$6 C1 LHS $D$7 C2 LHS $D$8 C3 LHS Name True False Final Reduced Objective Allowable Allowable Value Cost Coefficient Increase Decrease 4 4 0 0 16 20 4 Final Shadow Constraint Value Price R.H. Side 2 5 0 0.5 4.5 18 1E+30 Allowable Allowable Increase Decrease 20 20 4 1.454545455 1E+30 16 2 4.5 4 16 4 If the company is offered 10 additional units of the resource represented by constraint 2 (C2) at a total cost of 10 dollars they should make that purchase.
The table below represents the sensitivity report of a profit maximization problem with possible activities X1 and X2, which are constrained by resources C1, C2, and C2. 6 Variable Cells 7 8 9 10 Cell Name $B$2 Activity Levels X1 $C$2 Activity Levels X2 11 12 Constraints 13 14 15 16 17 10. Cell $D$6 C1 LHS $D$7 C2 LHS $D$8 C3 LHS Name True False Final Reduced Objective Allowable Allowable Value Cost Coefficient Increase. Decrease 4 4 0 0 16 20 4 Final Shadow Constraint Value Price R.H. Side 2 5 0 0.5 4.5 18 1E+30 Allowable Allowable Increase Decrease 1E+30 16 2 4.5 20 20 4 1.454545455 4 16 4 If the objective coefficient for product X1 increases to 25 then the company will increase production of X1 and reduce production of X2.
Transcribed Image Text:The table below represents the sensitivity report of a profit maximization problem with possible activities X1 and X2, which are constrained by resources C1, C2, and C2. 6 Variable Cells 7 8 9 10 Cell Name $B$2 Activity Levels X1 $C$2 Activity Levels X2 11 12 Constraints 13 14 15 16 17 10. Cell $D$6 C1 LHS $D$7 C2 LHS $D$8 C3 LHS Name True False Final Reduced Objective Allowable Allowable Value Cost Coefficient Increase. Decrease 4 4 0 0 16 20 4 Final Shadow Constraint Value Price R.H. Side 2 5 0 0.5 4.5 18 1E+30 Allowable Allowable Increase Decrease 1E+30 16 2 4.5 20 20 4 1.454545455 4 16 4 If the objective coefficient for product X1 increases to 25 then the company will increase production of X1 and reduce production of X2.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.
SEE MORE TEXTBOOKS