A B 6 Variable Cells 7 8 ܂ ܗ ܣ 9 10 $C$4 Acres allotted Corn 11 12 Constraints 13 14 N Cell Name $B$4 Acres allotted Soybean C 10 Cell Name 15 $D$2 Workers Amt used 16 $D$3 Fertilizer Amt used 17 $D$4 Acres allotted Amt used 2500 3100 166.67 1166.67 D Final Value 166.6666667 1166.666667 Final Value E 1333.333333 Reduced Cost 0 0 Price 1500 633.3333333 5000 616.6666667 F 0 2500 3100 Objective Allowable Allowable Coefficient Increase Decrease G R.H. Side Shadow Constraint Allowable Allowable Increase Decrease 1500 5000 1500 H 3700 1900 950 1850 500 1000 1E+30 166.6666667 250 3500 inkaid grows soybeans and corn on his land about 12 miles outside of Hartington in ortheast Nebraska. He needs to figure out how many acres of the land to allot to ach crop to maximize his profit. After solving the problem using Excel, the following ensitivity report is generated. What is the profit margin of Corn?
A B 6 Variable Cells 7 8 ܂ ܗ ܣ 9 10 $C$4 Acres allotted Corn 11 12 Constraints 13 14 N Cell Name $B$4 Acres allotted Soybean C 10 Cell Name 15 $D$2 Workers Amt used 16 $D$3 Fertilizer Amt used 17 $D$4 Acres allotted Amt used 2500 3100 166.67 1166.67 D Final Value 166.6666667 1166.666667 Final Value E 1333.333333 Reduced Cost 0 0 Price 1500 633.3333333 5000 616.6666667 F 0 2500 3100 Objective Allowable Allowable Coefficient Increase Decrease G R.H. Side Shadow Constraint Allowable Allowable Increase Decrease 1500 5000 1500 H 3700 1900 950 1850 500 1000 1E+30 166.6666667 250 3500 inkaid grows soybeans and corn on his land about 12 miles outside of Hartington in ortheast Nebraska. He needs to figure out how many acres of the land to allot to ach crop to maximize his profit. After solving the problem using Excel, the following ensitivity report is generated. What is the profit margin of Corn?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
Related questions
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 4 images
Recommended textbooks for you
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.