Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Regarding the Bloomington Brewery problem - sensitivity analysis. What is the final impact in the objective function value ($) if the pounds of corn increase

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
Regarding the Bloomington Brewery problem - sensitivity analysis. What is the final impact in the objective function value ($) if the pounds of corn increase from 60 to 65 pounds and everything else remains constant? O Total profit increases by 7 O Total profit does not increase O Total profit increases by 62.5 O Total profit increases by 1.4 O You cannot answer the question with the information providedRegarding the Bloomington Brewery problem - sensitivity analysis. Assume that the names for the slack variables added to the constraints are s, and s2, respectively. The basic variables in the optimal tableau for this problem are: O x1 and s1 O s1 and s2 O x1 and x2 O x1 and s2 O x1, x2, and s2Regarding the Bloomington Brewery problem - sensitivity analysis. Your boss wants to increase the number of units of resources (corn or hops) required to maximize profits. Which resource(s) do you advice to increase? O None of them O Corn or hops O Hops O Corn and hops O CornRegarding the Bloomington Brewery problem - sensitivity analysis. By at least how much does the total cost of the resources to produce a unit of Ale must change to make the production of Ale attractive? Assume everything else remain constant Go up by 0.8 O You cannot answer the question with the information provided O Go down by 2 O Go down by 0.8 O Go up by 2Bloomington Brewery produces beer and ale. Beer sells for $7 per barrel, and ale sells for $2 per barrel. Producing a barrel of beer requires 5 pounds of corn and 2 pounds of hops. Producing a barrel of ale requires 2 pounds of corn and 1 pound of hops'. The brewery has 60 pounds of corn and 25 pounds of hops for the next week. " Hops = vine whose ripe dried flowers are used to flavor malt liquors The LP model whose solution will enable Bloomington Brewery to maximize the total profit and the Excel sensitivity report are: Decision Variables: Let x1= Barrels of beer to produce for the next week *2= Barrels of ale to produce for the next week LP Model: maxz = 7x1 + 2x2 s.t. 5x1 + 2x2 $ 60 2x1 + 1x2 $ 25 *1.*2 20 Bloomington Brewery Sensitivity Report Adjustable Cells (decision variables) Final Reduced Objective Allowable Allowable Cell Name Value Cost Coefficient Increase Decrease Beer SD$4 X1 12 0 7 1E+30 SE$4 Ale x2 -0.8 2 0.8 1E+30 Constraints Final Shadow Constraint Allowable Allowable Cell Name Value Price R.H. Side Increase Decrease $F59 Corn 50 1.4 60 2.5 60 SF$10 Hops 24 0 25 1E+30 1

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Quality Of The Environment An Economic Approach To Some Problems In Using Land, Water, And Air

Authors: Orris C Herfindahl, Allen V Kneese

1st Edition

1317386663, 9781317386667

More Books

Students also viewed these Economics questions