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You are working on a problem to maximize profit by figuring out what mix of two products (CD player and Receiver) to produce at your plant. You have constraints on the amount of hours available for two types of employees (electricians and audio technicians). Use the screenshot below of the sensitivity report of an LP formulation in Excel to answer questions 23 and 24. The values represent the optimal solution for the problem. Variable Cells Cell Name Value Cost Final Reduced Objective Allowable Allowable Coefficient Increase Decrease $B$2 Units Produced CD Player $C$2 Units Produced Receiver 0 -10 50 20 0 120 10 1E+30 1E+30 20 Constraints Final Shadow Constraint Allowable Allowable Cell Name Value Price R.H. Side Increase Decrease $D$6 Electrcian Time LHS (Hours Used) 80 30 80 160 80 $D$7 Audio Technician Time LHS (Hours Used) 20 0 60 1E+30 40 The optimal profit for the problem above is $2,400. Given the sensitivity analysis report shown above, what would the optimal profit be if 2 additional hours of electrician time was added? $2,460 The answer cannot be determined based on the given information $2,400 $2,430

You are working on a problem to maximize profit by figuring out what mix of two products (CD player and Receiver) to produce at your plant. You have constraints on the amount of hours available for two types of employees (electricians and audio technicians). Use the screenshot below of the sensitivity report of an LP formulation in Excel to answer questions 23 and 24. The values represent the optimal solution for the problem. Variable Cells Cell Name Value Cost Final Reduced Objective Allowable Allowable Coefficient Increase Decrease $B$2 Units Produced CD Player $C$2 Units Produced Receiver 0 -10 50 20 0 120 10 1E+30 1E+30 20 Constraints Final Shadow Constraint Allowable Allowable Cell Name Value Price R.H. Side Increase Decrease $D$6 Electrcian Time LHS (Hours Used) 80 30 80 160 80 $D$7 Audio Technician Time LHS (Hours Used) 20 0 60 1E+30 40 The optimal profit for the problem above is $2,400. Given the sensitivity analysis report shown above, what would the optimal profit be if 2 additional hours of electrician time was added? $2,460 The answer cannot be determined based on the given information $2,400 $2,430

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Answer the question using the following analysis
You are working on a problem to maximize profit by figuring out what mix of two products (CD player and Receiver) to produce at your plant. You have constraints on the amount of hours available for two types of employees (electricians and audio technicians). Use the screenshot below of the sensitivity report of an LP formulation in Excel to answer questions 23 and 24. The values represent the optimal solution for the problem. Variable Cells Cell Name Value Cost Final Reduced Objective Allowable Allowable Coefficient Increase Decrease $B$2 Units Produced CD Player $C$2 Units Produced Receiver 0 -10 50 20 0 120 10 1E+30 1E+30 20 Constraints Final Shadow Constraint Allowable Allowable Cell Name Value Price R.H. Side Increase Decrease $D$6 Electrcian Time LHS (Hours Used) 80 30 80 160 80 $D$7 Audio Technician Time LHS (Hours Used) 20 0 60 1E+30 40
Transcribed Image Text:You are working on a problem to maximize profit by figuring out what mix of two products (CD player and Receiver) to produce at your plant. You have constraints on the amount of hours available for two types of employees (electricians and audio technicians). Use the screenshot below of the sensitivity report of an LP formulation in Excel to answer questions 23 and 24. The values represent the optimal solution for the problem. Variable Cells Cell Name Value Cost Final Reduced Objective Allowable Allowable Coefficient Increase Decrease $B$2 Units Produced CD Player $C$2 Units Produced Receiver 0 -10 50 20 0 120 10 1E+30 1E+30 20 Constraints Final Shadow Constraint Allowable Allowable Cell Name Value Price R.H. Side Increase Decrease $D$6 Electrcian Time LHS (Hours Used) 80 30 80 160 80 $D$7 Audio Technician Time LHS (Hours Used) 20 0 60 1E+30 40
The optimal profit for the problem above is $2,400. Given the sensitivity analysis report shown above, what would the optimal profit be if 2 additional hours of electrician time was added? $2,460 The answer cannot be determined based on the given information $2,400 $2,430
Transcribed Image Text:The optimal profit for the problem above is $2,400. Given the sensitivity analysis report shown above, what would the optimal profit be if 2 additional hours of electrician time was added? $2,460 The answer cannot be determined based on the given information $2,400 $2,430
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