Based on the following sensitivity analysis, which of the following products would be considered most sensitive to changes or errors in the objective function coefficient?Variable CellsCellNameFinal ValueReduced Cost Objective CoefficientAllowableIncreaseAllowableDecrease$B$2Product_10−225114$B$3Product_21750251214$B$4Product_30−1.52585 ConstraintsCellNameFinal ValueShadow Price Constraint R.H.SideAllowableIncreaseAllowableDecrease$H$9Resource_A001001E+30100$H$10Resource_B52508001E+30275$H$11Resource_C7001.75700366.6666667700 multiple choiceProduct_1Product_2Product_3

Given sensitivity report : There are allowable ranges given corresponding to each variable.…

Answered: Based on the following sensitivity…

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...

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Question

Based on the following sensitivity analysis, which of the following products would be considered most sensitive to changes or errors in the objective function coefficient?

Variable Cells

Cell	Name	Final Value	Reduced Cost	Objective Coefficient	Allowable Increase	Allowable Decrease
$B$2	Product_1	0	−2	25	11	4
$B$3	Product_2	175	0	25	12	14
$B$4	Product_3	0	−1.5	25	8	5

Constraints

Cell	Name	Final Value	Shadow Price	Constraint R.H.Side	Allowable Increase	Allowable Decrease
$H$9	Resource_A	0	0	100	1E+30	100
$H$10	Resource_B	525	0	800	1E+30	275
$H$11	Resource_C	700	1.75	700	366.6666667	700