=5.6. Read the referenced article that fully describes the management science study summarized in the application vignette
Question:
=5.6. Read the referenced article that fully describes the management science study summarized in the application vignette presented in Section 5.4. Briefly describe how what-if analysis was applied in this study. Then list the various financial and nonfinancial benefits that resulted from this study.
Variable Cells Final Reduced Objective Allowable Allowable Cell Name Value Cost Coefficient Increase Decrease
$B$10 Production Plates 300 0 3.10 2.23 0.37
$C$10 Production Mugs 0 –0.46 4.75 0.46
$D$10 Production Steins 400 0 4.00 0.65 1.37 Constraints Final Shadow Constraint Allowable Allowable Cell Name Value Price R. H. Side Increase Decrease
$E$5 Molding (minutes) Used 2,400 0.22 2400 200 600
$E$6 Finishing (minutes) Used 7,200 0.28 7200 2400 2400
$E$7 Cream (ounces) Used 2,700 0 3000 1E+30
Step by Step Answer:
Introduction To Management Science A Modeling And Case Studies Approach With Spreadsheets
ISBN: 9780078096600
4th Edition
Authors: Frederick S. Hillier And Mark S. Hillier