
Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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Transcribed Image Text:A
B
6 Variable Cells
7
8
9
10
11
12 Constraints
13
14
Cell
Name
$B$4 Acres allotted Soybean
$C$4 Acres allotted Corn
15
16
C
Cell
Name
$D$2 Workers Amt used
$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
1500
5000
1333.333333
E
Reduced
Cost
0
0
Shadow
Price
633.3333333
616.6666667
0
F
2500
3100
G
Objective Allowable Allowable
Coefficient Increase
Decrease
1500
5000
1500
H
3700
1900
950
1850
Constraint Allowable Allowable
R.H. Side
Increase
Decrease
500
1000
1E+30 166.6666667
250
3500
Kinkaid grows soybeans and corn on his land about 12 miles outside of Hartington in
northeast Nebraska. He needs to figure out how many acres of the land to allot to
each crop to maximize his profit. After solving the problem using Excel, the following
sensitivity report is generated. What is the profit margin of Corn?
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