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Question 2 : ( worth 3 2 points ) The Classic Furniture Company is trying to determine the optimal quantities to make of six possible
Question : worth points The Classic Furniture Company is trying to determine the optimal quantities to make of six possible products: both tables and chairs made of oak, cherry, and pine. The products are to be made using the following resources: labor hours and three types of wood. Minimum production requirements are as follows: at least each of oak and cherry tables, at least each oak and cherry chairs, and at least pine chairs. The Excel LP solution and sensitivity report are provided below.
Each of the following questions is independent of the others. Avoid YESNO and short answers. The answers should highlighted and then explained to some degree. All needed information is provided below.
You do not need to resolve the problem. If youconclude that the current information cannot answer a question and the problem must be resolved, just say "The current sensitivity report does not offer adequate information to answer the question and the problem needs to be resolved".
a What is the profit represented by the objective function and what is the production plan?
b Which constraints are binding?
c What is the range over which the unit profit for oak chairs can change without changing the production plan?
d What is the range over which the amount of available oak could range without changing the combination of binding constraints?
e The unit profit for pine chairs decreases to $
f The company is also required to make at least pine chairs?
g The company is required to make no more than cherry chairs?
h The number of labor hours expands to
tableABCDEFGHI,
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