Optimal solution From the LINDO output, the objective function value is 2333.33. If the cost for producing 1000 tools at ...

Question

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Answer 1

Expert Solution & Answer

Chapter 5, Problem 13RP

a.

Explanation of Solution

Optimal solution

From the LINDO output, the objective function value is 2333.33.

If the cost for producing 1000 tools at ...

b.

Explanation of Solution

Pay for additional labour

From the LINDO output, the reduced cost of labour is 19.7333.

Here the price for an additional hour of labour is reduced to $4...

c.

Explanation of Solution

Increasing production capacity

Here the consultant offers to increase plant 1’s production capacity by 5000 tools.

The production capacity of 5000 tools has a cost of $400...

d.

Explanation of Solution

Pay for additional nurses

From the LINDO output, the old optimum value is 2333.33.

The shadow price of row 4 is 0.26667.

Hence the pay for additional nurses is given by:
Pay = 2333

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Answer 2

Expert Solution & Answer

Chapter 5, Problem 13RP

a.

Explanation of Solution

Optimal solution

From the LINDO output, the objective function value is 2333.33.

If the cost for producing 1000 tools at ...

b.

Explanation of Solution

Pay for additional labour

From the LINDO output, the reduced cost of labour is 19.7333.

Here the price for an additional hour of labour is reduced to $4...

c.

Explanation of Solution

Increasing production capacity

Here the consultant offers to increase plant 1’s production capacity by 5000 tools.

The production capacity of 5000 tools has a cost of $400...

d.

Explanation of Solution

Pay for additional nurses

From the LINDO output, the old optimum value is 2333.33.

The shadow price of row 4 is 0.26667.

Hence the pay for additional nurses is given by:
Pay = 2333

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 3

Expert Solution & Answer

Chapter 5, Problem 13RP

a.

Explanation of Solution

Optimal solution

From the LINDO output, the objective function value is 2333.33.

If the cost for producing 1000 tools at ...

b.

Explanation of Solution

Pay for additional labour

From the LINDO output, the reduced cost of labour is 19.7333.

Here the price for an additional hour of labour is reduced to $4...

c.

Explanation of Solution

Increasing production capacity

Here the consultant offers to increase plant 1’s production capacity by 5000 tools.

The production capacity of 5000 tools has a cost of $400...

d.

Explanation of Solution

Pay for additional nurses

From the LINDO output, the old optimum value is 2333.33.

The shadow price of row 4 is 0.26667.

Hence the pay for additional nurses is given by:
Pay = 2333

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Expert Solution & Answer

Chapter 5, Problem 13RP

a.

Explanation of Solution

Optimal solution

From the LINDO output, the objective function value is 2333.33.

If the cost for producing 1000 tools at ...

b.

Explanation of Solution

Pay for additional labour

From the LINDO output, the reduced cost of labour is 19.7333.

Here the price for an additional hour of labour is reduced to $4...

c.

Explanation of Solution

Increasing production capacity

Here the consultant offers to increase plant 1’s production capacity by 5000 tools.

The production capacity of 5000 tools has a cost of $400...

d.

Explanation of Solution

Pay for additional nurses

From the LINDO output, the old optimum value is 2333.33.

The shadow price of row 4 is 0.26667.

Hence the pay for additional nurses is given by:
Pay = 2333

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 5

Expert Solution & Answer

Answer 6

Expert Solution & Answer

Answer 7

Chapter 5, Problem 13RP

a.

Explanation of Solution

Optimal solution

From the LINDO output, the objective function value is 2333.33.

If the cost for producing 1000 tools at ...

b.

Explanation of Solution

Pay for additional labour

From the LINDO output, the reduced cost of labour is 19.7333.

Here the price for an additional hour of labour is reduced to $4...

c.

Explanation of Solution

Increasing production capacity

Here the consultant offers to increase plant 1’s production capacity by 5000 tools.

The production capacity of 5000 tools has a cost of $400...

d.

Explanation of Solution

Pay for additional nurses

From the LINDO output, the old optimum value is 2333.33.

The shadow price of row 4 is 0.26667.

Hence the pay for additional nurses is given by:
Pay = 2333

Answer 8

Chapter 5, Problem 13RP

a.

Explanation of Solution

Optimal solution

From the LINDO output, the objective function value is 2333.33.

If the cost for producing 1000 tools at ...

Answer 9

Chapter 5, Problem 13RP

a.

Explanation of Solution

Optimal solution

From the LINDO output, the objective function value is 2333.33.

If the cost for producing 1000 tools at ...

Answer 10

b.

Explanation of Solution

Pay for additional labour

From the LINDO output, the reduced cost of labour is 19.7333.

Here the price for an additional hour of labour is reduced to $4...

Answer 11

b.

Explanation of Solution

Pay for additional labour

From the LINDO output, the reduced cost of labour is 19.7333.

Here the price for an additional hour of labour is reduced to $4...

Answer 12

c.

Explanation of Solution

Increasing production capacity

Here the consultant offers to increase plant 1’s production capacity by 5000 tools.

The production capacity of 5000 tools has a cost of $400...

Answer 13

c.

Explanation of Solution

Increasing production capacity

Here the consultant offers to increase plant 1’s production capacity by 5000 tools.

The production capacity of 5000 tools has a cost of $400...

Answer 14

d.

Explanation of Solution

Pay for additional nurses

From the LINDO output, the old optimum value is 2333.33.

The shadow price of row 4 is 0.26667.

Hence the pay for additional nurses is given by:
Pay = 2333

Answer 15

d.

Explanation of Solution

Pay for additional nurses

From the LINDO output, the old optimum value is 2333.33.

The shadow price of row 4 is 0.26667.

Hence the pay for additional nurses is given by:
Pay = 2333

Answer 16

Expert Solution & Answer

Answer 17

Expert Solution & Answer

Answer 18

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Answer 19

Ch. 5.1 - Prob. 1P Ch. 5.1 - Prob. 2P Ch. 5.1 - Prob. 3P Ch. 5.1 - Prob. 4P Ch. 5.1 - Prob. 5P Ch. 5.2 - Prob. 1P Ch. 5.2 - Prob. 2P Ch. 5.2 - Prob. 3P Ch. 5.2 - Prob. 4P Ch. 5.2 - Prob. 5P

Optimal solution From the LINDO output, the objective function value is 2333.33. If the cost for producing 1000 tools at ...

Solution Summary: The author explains that the objective function value of the LINDO output is 2333.33 and the pay for additional labor is increased by 16. The consultant offers to increase plant 1’s production capacity by 5000 tools.

Explanation of Solution

Optimal solution

From the LINDO output, the objective function value is 2333.33.

If the cost for producing 1000 tools at ...

Explanation of Solution

Pay for additional labour

From the LINDO output, the reduced cost of labour is 19.7333.

Here the price for an additional hour of labour is reduced to $4...

Explanation of Solution

Increasing production capacity

Here the consultant offers to increase plant 1’s production capacity by 5000 tools.

The production capacity of 5000 tools has a cost of $400...

Explanation of Solution

Pay for additional nurses

From the LINDO output, the old optimum value is 2333.33.

The shadow price of row 4 is 0.26667.

Hence the pay for additional nurses is given by:
Pay = 2333

Want to see the full answer?

Chapter 5 Solutions

Optimal solution From the LINDO output, the objective function value is 2333.33. If the cost for producing 1000 tools at ...

Solution Summary: The author explains that the objective function value of the LINDO output is 2333.33 and the pay for additional labor is increased by 16. The consultant offers to increase plant 1’s production capacity by 5000 tools.

Explanation of Solution

Optimal solution From the LINDO output, the objective function value is 2333.33. If the cost for producing 1000 tools at ...

Explanation of Solution

Pay for additional labour From the LINDO output, the reduced cost of labour is 19.7333. Here the price for an additional hour of labour is reduced to $4...

Explanation of Solution

Increasing production capacity Here the consultant offers to increase plant 1’s production capacity by 5000 tools. The production capacity of 5000 tools has a cost of $400...

Explanation of Solution

Pay for additional nurses From the LINDO output, the old optimum value is 2333.33. The shadow price of row 4 is 0.26667. Hence the pay for additional nurses is given by: Pay = 2333

Want to see the full answer?

Chapter 5 Solutions

Optimal solution

From the LINDO output, the objective function value is 2333.33.

If the cost for producing 1000 tools at ...

Pay for additional labour

From the LINDO output, the reduced cost of labour is 19.7333.

Here the price for an additional hour of labour is reduced to $4...

Increasing production capacity

Here the consultant offers to increase plant 1’s production capacity by 5000 tools.

The production capacity of 5000 tools has a cost of $400...

Pay for additional nurses

From the LINDO output, the old optimum value is 2333.33.

The shadow price of row 4 is 0.26667.

Hence the pay for additional nurses is given by:
Pay = 2333