Question
Solve the MBI product-mix problem described in this chapter, using either Excels Solver or a student version of an LP solver, such as Lindo. Lindo
Solve the MBI product-mix problem described in this chapter, using either Excels Solver or a student version of an LP solver, such as Lindo. Lindo is available from Lindo Systems, Inc., at lindo.com; others are also availablesearch the Web. Examine the solution (output) reports for the answers and sensitivity report. Did you get the same results as reported in this chapter? Try the sensitivity analysis outlined in the chapter; that is, lower the right-hand side of the CC-8 marketing constraint by 1 unit, from 200 to 199. What happens to the solution when you solve this modified problem? Eliminate the CC-8 lower-bound constraint entirely (this can be done easily by either deleting it in Solver or setting the lower limit to zero) and re-solve the problem. What happens? Using the original formulation, try modifying the objective function coefficients and see what happens.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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