A pig weighting 200 pounds gains 5 pounds per day and costs 45 cents a day to keep. The market price for pigs is 65 cents per pound, but is falling 1 cent per day. a/ When should the pig be sold? What is the optimal profit? b/ What are the sensitivities of the optimal time and optimal profit with respect to the 45-cent upcost? c/ What are the sensitivities of the

A pig weighting 200 pounds gains 5 pounds per day and costs 45 cents a day to keep. The market price for pigs is 65 cents per pound, but is falling 1 cent per day. a/ When should the pig be sold? What is the optimal profit? b/ What are the sensitivities of the optimal time and optimal profit with respect to the 45-cent upcost? c/ What are the sensitivities of the

Operations Research : Applications and Algorithms

4th Edition

ISBN:9780534380588

Author:Wayne L. Winston

Publisher:Wayne L. Winston

Chapter6: Sensitivity Analysis And Duality

Section: Chapter Questions

Problem 21RP

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