Spreadsheet Modeling & Decision Analysis: A Practical Introduction to Business Analytics (MindTap Course List)
8th Edition
ISBN: 9781305947412
Author: Cliff Ragsdale
Publisher: Cengage Learning
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Chapter 4, Problem 10QP
Summary Introduction
To determine: The sensitivity report using solver.
a)
Summary Introduction
To determine: The change in the optimal solution when the profit of doors increased to $700.
b)
Summary Introduction
To determine: The change in the optimal solution when the profit of windows decreased to $200.
c)
Summary Introduction
To determine: The shadow price for the finishing process.
d)
Summary Introduction
To determine: The additional profit that the firm can earn with 20 additional hours of cutting capacity.
e)
Summary Introduction
To determine: The change in the solution for the given information.
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Formulate an LP model for the following problems.1. A furniture company makes two products: book shelves selling for ₱5,000 and cabinetsselling for ₱8,000. The direct cost per unit is ₱3,000 and ₱4,000, respectively. Thecompany has no difficulty in selling all the products it can manufacture. The assemblydepartment has 60 hours available per week and the finishing department can handleup to 48 hours of work per week. Manufacturing one book shelf requires 4 hours inassembly and 2 hours in finishing. Each cabinet requires 2 hours in assembly and 4hours in finishing. How can the management allocate the limited man-hour of the twodepartments in a way which will secure the largest possible net return?
Chapter 4 Solutions
Spreadsheet Modeling & Decision Analysis: A Practical Introduction to Business Analytics (MindTap Course List)
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