Answered step by step
Verified Expert Solution
Question
1 Approved Answer
What is the current optimal solution and the objective function value? What is the objective function coefficient of decision variable 1 ( operation days of
What is the current optimal solution and the objective function value?
What is the objective function coefficient of decision variable operation days of mill
What is the sensitivity range for the objective function coefficient of decision variable operation days of mill
If the operation cost of mill increases from $ to $ will the optimal solution change? And why?
What is the objective function coefficient of decision variable operation days of mill
What is the sensitivity range for the objective function coefficient of decision variable operation days of mill
If the operation cost of mill decreases from $ to $ will the optimal solution change? And why?
Which constrains are binding?
If we can decrease the demand of highgrade aluminum by tons at the cost of $ ton, is it worth doing this? And why?
If the demand of mediumgrade aluminum increases by tons, what is the new total cost? And why?
If we can purchase tons of mediumgrade aluminum from our competitors at $ ton to satisfy part of the demand, instead of making it in our mills in other words, we can decrease the demand by tons at the price of $ ton is it worth doing this? And why?
If the customer needs additional tons of lowgrade aluminum and is willing to pay $ ton, do we want to accept this offer? And why?
If the customer needs additional tons of lowgrade aluminum and is willing to pay $ ton, do we want to accept this offer? And why?
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