Homework Help is Here – Start Your Trial Now!
Business
Economics
Based on the sensitivity analysis report above, for which of the profits of a CD player given below would the current solution no longer be optimal? $61 ○ $30 $39 O $50 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

Based on the sensitivity analysis report above, for which of the profits of a CD player given below would the current solution no longer be optimal? $61 ○ $30 $39 O $50 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

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
See similar textbooks
icon
Related questions
Question
Answer the following question using the analysis
Based on the sensitivity analysis report above, for which of the profits of a CD player given below would the current solution no longer be optimal? $61 ○ $30 $39 O $50
Transcribed Image Text:Based on the sensitivity analysis report above, for which of the profits of a CD player given below would the current solution no longer be optimal? $61 ○ $30 $39 O $50
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
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS