Answered step by step
Verified Expert Solution
Question
1 Approved Answer
K The High Note Sound Company manufactures quality compact disc (CD) players and stereo receivers. Each of these products require a certain amount of skilled
K The High Note Sound Company manufactures quality compact disc (CD) players and stereo receivers. Each of these products require a certain amount of skilled artisanship, of which there is a limited weekly supply. The firm formulates the following LP problem in order to determine the best production mix of CD players (X) and receivers (Y) Maximize profit = 50X + 120Y Subject to 2X + 4Y 80 (hours of electricians' time available) 3X + Y 60 (hours of audio technicians' time available) X, Y20 provides the sensitivity report of the above formulation: The following table Variable Cells Constraints Cell Name $C$3 CDPlayers $D$3 Receivers Cell $E$6 $E$7 Name Electrician Audio Technician Final Value Final Value Ol 20 80 20 Reduced Cost -10 0 Shadow Price 30 0 Objective Allowable Allowable Coefficient Increase Decrease 1E+30 20 50 120 Constraint R.H. Side 80 60 10 1E+30 Allowable Allowable Increase Decrease 80 160 1E+30 40 Assuming all other parameters remain unchanged, if another firm rents out its electricians' time to High Note Sound Company for 20 hours at $22 per hour, what will be the net change in profit for High Note Sound Company?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started