Answer the following questions using the Answer Report and the Sensitivity Report on the following page. Support your answers with explanations and the work showed.Your run a company that produces three electrical products – clocks, radios, and toasters. You are asked to figure out how many of each of these things should be produced, and the computer solution (answer report and sensitivity report generated in Microsoft Excel) is given on the next page.4.) If you could sell clocks for $17 instead of $15 would it change the number of each appliance you should produce (i.e., would it change the optimal solution)?5.) If you had your choice of an extra $10 in your budget or an added demand of 5 toasters, which one should you do, and how will your profit be affected? ANSWER REPORTObjective Cell (Max)OriginalCellNameValueFinal Value$F$5 Profit4478.57Variable CellsOriginalCellNameValueFinal ValueInteger$B$3Clocks178.57 Contin$¢$3RadiosO Contin$D$3Toasters150 ContinConstraintsCellNameCell ValueFormulaStatusSlackSEST Budget Used2000 ŞE$7<=$F$7BindingNot$E$8Labor Used657.14 ŞE$8<=$F$8Binding2.86NotŞE$9Clocks Demand Used178.57 SE$9<=$F$9Binding21.43$E$10 Radios Demand UsedSE$11 Toasters Demand UsedNotO SE$10<=$F$10 Binding150 ŞE$11<-$F$11 Binding300SENSITIVITY REPORTVariable CellsFinalReducedObjectiveAllowableAllowableCellNameValueCostCoefficientIncreaseDecrease$B$3Clocks178.57151.81$C$3Radios-1.43201.431E+30$D$3Toasters150121E+301.29ConstraintsFinalShadowConstraintAllowableAllowableCellNameValuePriceRH. SideIncreaseDecreaseŞE$7 Budget Used20002.142000125010SE$8Labor Used657.146601E+302.86$E$9Clocks Demand Used178.572001E+3021.43$E$10 Radios Demand Used3001E+30300SE$11 Toasters Demand Used1501.29150530

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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...

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Answer the following questions using the Answer Report and the Sensitivity Report on the following page. Support your answers with explanations and the work showed.
Your run a company that produces three electrical products – clocks, radios, and toasters. You are asked to figure out how many of each of these things should be produced, and the computer solution (answer report and sensitivity report generated in Microsoft Excel) is given on the next page.

4.) If you could sell clocks for $17 instead of $15 would it change the number of each appliance you should produce (i.e., would it change the optimal solution)?
5.) If you had your choice of an extra $10 in your budget or an added demand of 5 toasters, which one should you do, and how will your profit be affected?

ANSWER REPORT
Objective Cell (Max)
Original
Cell
Name
Value
Final Value
$F$5 Profit
4478.57
Variable Cells
Original
Cell
Name
Value
Final Value
Integer
$B$3
Clocks
178.57 Contin
$¢$3
Radios
O Contin
$D$3
Toasters
150 Contin
Constraints
Cell
Name
Cell Value
Formula
Status
Slack
SEST Budget Used
2000 ŞE$7<=$F$7
Binding
Not
$E$8
Labor Used
657.14 ŞE$8<=$F$8
Binding
2.86
Not
ŞE$9
Clocks Demand Used
178.57 SE$9<=$F$9
Binding
21.43
$E$10 Radios Demand Used
SE$11 Toasters Demand Used
Not
O SE$10<=$F$10 Binding
150 ŞE$11<-$F$11 Binding
300
SENSITIVITY REPORT
Variable Cells
Final
Reduced
Objective
Allowable
Allowable
Cell
Name
Value
Cost
Coefficient
Increase
Decrease
$B$3
Clocks
178.57
15
1.8
1
$C$3
Radios
-1.43
20
1.43
1E+30
$D$3
Toasters
150
12
1E+30
1.29
Constraints
Final
Shadow
Constraint
Allowable
Allowable
Cell
Name
Value
Price
RH. Side
Increase
Decrease
ŞE$7 Budget Used
2000
2.14
2000
1250
10
SE$8
Labor Used
657.14
660
1E+30
2.86
$E$9
Clocks Demand Used
178.57
200
1E+30
21.43
$E$10 Radios Demand Used
300
1E+30
300
SE$11 Toasters Demand Used
150
1.29
150
5
30

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