Question
Use the following problem statement to answer questions 1-6. A manager wants to determine the number of Product 1 and Product 2 to produce in
Use the following problem statement to answer questions 1-6.
A manager wants to determine the number of Product 1 and Product 2 to produce in order to maximize total profit. The linear model and the sensitivity report are given as below. Round to two decimal places.
1.What is the optimal solution?
(0, 4)
(5, 0)
(30, 0)
2. What is missing in box B?
15
200
120
3. What would be the effect on the optimal solution if the profit from Product 2 were decreased from $80 to $70?
a. The optimal solution will not change.
b. The optimal solution will change.
4. Which of the following constraints is binding at the optimal solution?
a. C3
b. C1
5. What is missing in box A?
40
10
90
6. What is the Z-value of the optimal solution?
400
200
320
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