Use Solver to create a Sensitivity Report for question 18 at the end of chapter 3 and
Question:
Use Solver to create a Sensitivity Report for question 18 at the end of chapter 3 and answer the following questions:
a. Is the solution degenerate?
b. Would the solution change if the price of raisins was $2.80 per pound?
c. Would the solution change if the price of peanuts was $3.25 per pound?
d. If you could relax one of the nutritional constraints which one would you choose? Why?
e. Create a Spider Plot summarizing the impact on total cost of varying the cost per pound of each ingredient between 90% and 110% of its base case value in 2% increments. What does this chart reveal and what are the managerial implications?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Spreadsheet Modeling And Decision Analysis A Practical Introduction To Business Analytics
ISBN: 1233
8th Edition
Authors: Cliff T. Ragsdale
Question Posted: