Refer to the sensitivity report for Problem 14 in Figure 8.19. a. Interpret the ranges of optimality
Question:
a. Interpret the ranges of optimality for the objective function coefficients.
b. Suppose that the manufacturing cost increases to $11.20 per case for model A. What is the new optimal solution?
c. Suppose that the manufacturing cost increases to $11.20 per case for model A and the manufacturing cost for model B decreases to $5 per unit. Would the optimal solutionchange?
Transcribed Image Text:
FIGURE SENSITIVITY REPORT FOR THE DIGITAL CONTROLS, INC PROBLEM Variable Cells Model Variable Fina Reduced Objective Allowable Allowable Value Name Cost Coefficnt Increase Decrease AM Models A Manufactured 100.000 0.000 10.000 1 BM Models B Manufactured 60.000 AP Models A Purchased BP 0.000 1.750 0.000 6.000 14.000 9.000 1.750 E+30 2.333 1E+301.750 3.000 3.000 0.000 90.000 Models B Purchased 2.333 Constraints Constraint Number Final 100.000 580.000 Shadow Constraint Allowable Allowable Name Value Price R.H. Side Increase Decrease Increase Decrease 12.250 11429 100.000 90.000 Demand for model A Demand for model B Injection molding time Assembly time 150000 9000 150.000 E+ 0.000 600.000 0.375 1080.000 20.000 53.333 480.000 E+30 1080,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
a Decision Variable Ranges of Optimality AM No lower limit to 100001750 11750 BM 60002333 36...View the full answer
Answered By
Muhammad Ahtsham Shabbir
I am a professional freelance writer with more than 7 years’ experience in academic writing. I have a Bachelor`s Degree in Commerce and Master's Degree in Computer Science. I can provide my services in various subjects.
I have professional excellent skills in Microsoft ® Office packages such as Microsoft ® Word, Microsoft ® Excel, and Microsoft ® PowerPoint. Moreover, I have excellent research skills and outstanding analytical and critical thinking skills; a combination that I apply in every paper I handle.
I am conversant with the various citation styles, among them; APA, MLA, Chicago, Havard, and AMA. I also strive to deliver the best to my clients and in a timely manner.My work is always 100% original. I honestly understand the concern of plagiarism and its consequences. As such, I ensure that I check the assignment for any plagiarism before submission.
4.80+
392+ Reviews
587+ Question Solved
Related Book For
Quantitative Methods For Business
ISBN: 272
12th Edition
Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Cam
Question Posted:
Students also viewed these Statistics questions
-
Refer to the computer solution to Problem 14 in Figure THE MANAGEMENT SCIENTIST SOLUTION FOR THE DIGITAL CONTROLS, INC., PROBLEM a. Interpret the ranges of optimality for the objective function...
-
Refer to Figure 8.15, which shows the sensitivity report for Problem 7. a. How much would the return for U.S. Oil have to increase before it would be beneficial to increase the investment in this...
-
Refer to the sensitivity information for the Kelson Sporting Equipment problem in Figure 8.14 (see Problem 5). a. Determine the objective coefficient ranges. b. Interpret the ranges in part (a). c....
-
Owner Shan Lo is considering franchising her Happy Wok restaurant concept. She believes people will pay $5 for a large bowl of noodles. Variable costs are $1.50 a bowl. Lo estimates monthly fixed...
-
Referring to Exercise 9.23, construct a 95% confidence interval for the population standard deviation of the diameters of Indian mounds.
-
Consider the conflict that developed in the textile mill over raises. Write a note that would clarify the procedure for new employees.
-
6. Assume that the volatility of the S&P index is 30% and consider a bond with the payoff S2 + [max(0, S2 S0) max(0, S2 K)]. a. If = 1 and K = $1500, what is the price of the bond? b. Suppose K...
-
On December 1, 2014, Fullerton Company had the following account balances. During December, the company completed the following transactions. Dec. 7 Received $3,600 cash from customers in payment of...
-
Help! And plus show formula on excel to show work on how to do it! Thanks!! Excel Simulation Assignment - Multiple Step Inc... i Saved Help Save & Exlt Submit Preparing a Multi-Step Income Statement...
-
Sam and Susan Scully have come to financial planner Lissa Cardenas to ask about the adequacy of their life insurance coverage. They have two children ages 4 and 2. They are each 35 years old. Sam...
-
Eastern Chemicals produces two types of lubricating fluids used in industrial manufacturing. Both products cost Eastern Chemicals $1 per gallon to produce. Based on an analysis of current inventory...
-
Cranberries can be harvested using either a wet method or a dry method. Dry-harvested cranberries can be sold at a premium, while wet-harvested cranberries are used mainly for cranberry juice and...
-
Claim: 1 = 2 ; = 0.01. Assume 1 2 = 2 2 . Sample statistics: x 1 = 33.7, s 1 = 3.5, n 1 = 12 and x 2 = 35.5, s 2 = 2.2, n 2 = 17 Test the claim about the difference between two population means ...
-
Waverly Company Ltd. currently produces 8,000 units per year of SB 200 (snowboard), which is a component of the company's major products. SB 200 has the following unit cots Direct materials - $35.50...
-
Norton Ltd manufactures a single product, which is sold for $150 per unit. The standard variable costs per unit of the product are: Direct material 4 kilos at $8 per kilo Direct labour 5 hours at $10...
-
QUESTION 4 Murni Selasih Bhd is considering investing in a project that will generate higher returns Currently, the company has two projects with forecasted outcomes under consideration. The possible...
-
ABC plans to sell 60,000 units of product 751 in June, and each of these units requires five sq. ft. of raw material. Additional data is as follows: Product Raw No. 751 Material Actual June 1 11,200...
-
Case: Tom has felt anxious and constantly on edge over the past 3 years. He has few social contacts because of his nervous symptoms. He is married with 3 children and worries about if he is a good...
-
Cuso Company purchased equipment on January 1, 2011, at a total invoice cost of $400,000. The equipment has an estimated salvage value of $10,000 and an estimated useful life of 5 years. What is the...
-
Assume that a trial balance is prepared with an account balance of $21,360 listed as $21,630 and an account balance of $1,500 listed as $15,000. Identify the transposition and the slide.
-
Suppose you buy a December futures contract on a hypothetical 10-year, 6% semiannual coupon note with a settlement price today of 125-060. You post the initial margin required for this transaction...
-
Seafood price and quantity data are reported by the U.S. Census Bureau. Data for the years 2000 and 2009 follow. a. Compute a price relative for each type of seafood. b. Compute a weighted aggregate...
-
Actuaries are analysts who specialize in the mathematics of risk. Actuaries often work for insurance companies and are responsible for setting premiums for insurance policies. Below are the median...
-
The closing price of Apple stock, adjusted for splits and dividends, for the first trading day of December 2007-2011 are given below. The CPI for December of each year is also given (Yahoo Finance...
-
Minden Company introduced a new product last year for which it is trying to find an optimal selling price. Marketing studies suggest that the company can increase sales by 5,000 units for each $2...
-
Prepare the adjusting journal entries and Post the adjusting journal entries to the T-accounts and adjust the trial balance. Dresser paid the interest due on the Bonds Payable on January 1. Dresser...
-
Venneman Company produces a product that requires 7 standard pounds per unit. The standard price is $11.50 per pound. If 3,900 units required 28,400 pounds, which were purchased at $10.92 per pound,...
Study smarter with the SolutionInn App