Based on the following sensitivity report, how much should the firm be willing to pay for 53 more units of Resource_C? Variable Cells Allowable Allowable Final Value Reduced Cost Objective Coefficient Cell Increase Decrease Name Product 1 $B$2 $B$3 Product 2 $B$4 Product 3 Constraints Constraint Cell Name R.H. Side $H$9 Resource_A $H$10 Resource B $H$11 Resource C 0 175 0 Final Value 0 525 700 -2 0 -1.5 Shadow Price 0 0 1.11 100 800 700 5 7 9 2 1E+30 1.5 Allowable Increase 1E+30 1E+30 180 1E+30 1 1E+30 Allowable Decrease 80 270 75

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...
icon
Related questions
Question

Quantitative business tools question

Based on the following sensitivity report, how much should the firm be willing to pay for 53 more units of Resource_C?
Variable Cells
Allowable
Final
Value
Reduced
Cost
Objective
Coefficient
Allowable
Increase
Cell
Decrease
Name
Product 1
$B$2
$B$3
Product 2
$B$4
Product 3
Constraints
Constraint
Cell
Name
R.H. Side
$H$9
Resource A
0
$H$10
Resource B
525
$H$11
Resource_C
700
(Round your answer to 2 decimal places.)
Units of Resource_C
0
175
0
Final
Value
-2
0
-1.5
Shadow
Price
0
0
1.11
100
800
700
5
7
9
2
1E+30
1.5
Allowable
Increase
1E+30
1E+30
180
1E+30
1
1E+30
Allowable
Decrease
80
270
75
Transcribed Image Text:Based on the following sensitivity report, how much should the firm be willing to pay for 53 more units of Resource_C? Variable Cells Allowable Final Value Reduced Cost Objective Coefficient Allowable Increase Cell Decrease Name Product 1 $B$2 $B$3 Product 2 $B$4 Product 3 Constraints Constraint Cell Name R.H. Side $H$9 Resource A 0 $H$10 Resource B 525 $H$11 Resource_C 700 (Round your answer to 2 decimal places.) Units of Resource_C 0 175 0 Final Value -2 0 -1.5 Shadow Price 0 0 1.11 100 800 700 5 7 9 2 1E+30 1.5 Allowable Increase 1E+30 1E+30 180 1E+30 1 1E+30 Allowable Decrease 80 270 75
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
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…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.