Spreadsheet Modeling & Decision Analysis: A Practical Introduction to Business Analytics (MindTap Course List)
8th Edition
ISBN: 9781305947412
Author: Cliff Ragsdale
Publisher: Cengage Learning
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Chapter 4, Problem 20QP
Summary Introduction
To determine: The sensitivity report using solver.
a)
Summary Introduction
To determine: Whether the optimal solution is unique.
b)
Summary Introduction
To determine: The total cost increase if it is forced to ship from location 1 to location 3.
c)
Summary Introduction
To determine: The increase in total cost for the given information.
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questions:
-Find the feasible region
-Find the corner points
-Find the optimal value
Company aims to determine the optimal number of products to be produced in order to maximize the total profit.
a)
Formulate the problem using algebraic method.
b) Solve the model using the graphical method (indicate optimal solution and profit).
C)
again).
Use graphical method to determine the shadow price for each of these resources (based on the definition of shadow price and by increasing each resource by one unit and solving the problem
d)
Use the Excel solver to do parts b and c.
e)
follow:
Using Solver Table generate the optimal solution and the total profit for each resource as
e1: Consider unit profit for product 1 (use range from 0 to 4 and increment of 1)
e2: Consider unit profit for product 2 (use range from 0 to 4 and increment of 1)
е3: Consider simultaneous changes for both unit profits in part e1 and e2 using given ranges.
e4: Consider available resource of Raw material 1 (use range from 2 to 14 and increment of 1)
e5: Consider available resource of Raw material 2 (use…
Chapter 4 Solutions
Spreadsheet Modeling & Decision Analysis: A Practical Introduction to Business Analytics (MindTap Course List)
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