Use SolverTable to run a sensitivity analysis on the cost per ounce of metal in the product
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Use SolverTable to run a sensitivity analysis on the cost per ounce of metal in the product mix model. Let this unit cost vary from $0.30 to $1.30 in increments of $0.20, and keep track of the values in the changing cells and the target cell. Discuss what happens to the optimal product mix. Also, does each 20-cent increase in the cost of metal result in the same decrease in profit?
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Related Book For
Practical Management Science, Revised
ISBN: 9781118373439
3rd Edition
Authors: Wayne L Winston, S. Christian Albright
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