Variable Cells Model Variable W M Constraints Constraint Number 1 2 3 Name Westem Foods Salsa Mexico City Salsa Name Whole tomatoes Tomato sauce Tomato paste Final Value 560.000 240,000 Final Value 4480,000 1920,000 1600,000 Reduced Objective Cost Coefficient 0.000 0,000 1.000 1.250 Shadow Constraint Price R.H. Side 0.125 0,000 0.188 4480,000 2080.000 1600,000 Allowable Increase 0.250 0.150 Allowable Increase 1120.000 1E+30 40,000 Allowable Decrease c. What are the shadow prices for each constraint? Interpret each. d. Identify each of the right-hand-side ranges 0.107 0.250 Allowable Decrease 160.000 160,000 320,000 Analyze the sensitivity report shown above- a. What is the optimal solution and what are the optimal production quantities? b. Specify the objective coefficient ranges.
Variable Cells Model Variable W M Constraints Constraint Number 1 2 3 Name Westem Foods Salsa Mexico City Salsa Name Whole tomatoes Tomato sauce Tomato paste Final Value 560.000 240,000 Final Value 4480,000 1920,000 1600,000 Reduced Objective Cost Coefficient 0.000 0,000 1.000 1.250 Shadow Constraint Price R.H. Side 0.125 0,000 0.188 4480,000 2080.000 1600,000 Allowable Increase 0.250 0.150 Allowable Increase 1120.000 1E+30 40,000 Allowable Decrease c. What are the shadow prices for each constraint? Interpret each. d. Identify each of the right-hand-side ranges 0.107 0.250 Allowable Decrease 160.000 160,000 320,000 Analyze the sensitivity report shown above- a. What is the optimal solution and what are the optimal production quantities? b. Specify the objective coefficient ranges.
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...
Related questions
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 1 images
Recommended textbooks for you
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
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…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.