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Refer to the Par, Inc., problem described in Section 2 . 1 . Suppose that Par's management encounters the following situations: a . The accounting
Refer to the Par, Inc., problem described in Section Suppose that Par's management
encounters the following situations:
a The accounting department revises its estimate of the profit contribution for the deluxe
bag to $ per bag.
b A new lowcost material is available for the standard bag, and the profit contribution
per standard bag can be increased to $ per bag. Assume that the profit contribution
of the deluxe bag is the original $ value.
c New sewing equipment is available that would increase the sewing operation capacity
to hours. Assume that is the appropriate objective function. If each of
these situations is encountered separately, what is the optimal solution and the total
profit contribution?
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