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A furniture manufacturer produces two types of tables ( country and contemporary ) using three types of machines. The minutes required to produce the tables
A furniture manufacturer produces two types of tables country and contemporary using three types of machines. The minutes required to produce the tables on each machine is given in the following table. Country tables sell for $ and contemporary tables sell for $ Management has determined that at least of the tables made should be country and at least should be contemporary. We want to maximize its revenue. The excel sheet is on Canvas named: Prob Use Solver to create a Sensitivity Report and answer the following questions: a If the company could get more units of routing capacity, should they do it If so how much should they be willing to pay for it b If the company could get more units of sanding capacity, should they do it If so how much should they be willing to pay for it c Suppose the polishing time on country tables could be reduced from to units per table. How much should the company be willing to pay to achieve this improvement in efficiency? d Contemporary tables sell for $ By how much would the selling price have to decrease before we would no longer be willing to produce contemporary tables? Does this make sense? Explain. e Create a Spider Plot showing the effect on optimal profit of varying the availability of each resource between and of its base case value in increments. Describe the information illustrated by this plot.
Please use excel solver to format the problem
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