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home / study / business / accounting / accounting questions and answers / what is an estimate the optimal production plan and run the sensitivity analysis. analyze the ...
Question: What is an Estimate the optimal production plan and run the sensitivity analysis. Analyze the tac...
What is an Estimate the optimal production plan and run the sensitivity analysis. Analyze the tactical and strategic information provided by the optimal solution:
- Optimal output plan for the company?
- What factors could lead to even better level of performance:
- For each department, what is the marginal value of additional overtime capacity?
- What is the marginal value of additional advertising dollars?
- What is the marginal value of additional sales for each product?
- What is the trade-off between advertising expenditures and increased sales for Hawley Co. if the advertising budget is to be increased? How would the increase affect the production plan? Assume an increase in the advertising budget by the amount of the allowable increase - how does this advertising budget change affect the optimal production plan?
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