Question

In: Operations Management

MaxTotal Revenue= Max $45 B + $120 P SE:20 B

MaxTotal Revenue= Max $45 B + $120 P

SE:20 B + 5 P <= 1400 minutes

QC:15 B + 30 P <= 4000 minutes

B <= 60 units

P <= 100 units

Questions:

1. Bottleneck Resource is: SE True/False

2. Preferred product is: P True/False

3. Optimal values: B=45 units, P=100 units, and Total Rev =$14,025 True/False

4. The “allowable Increase” for the coefficient of the B in the objective function is $435. True/False

5. SE Constraint SP is $24 per min. True/False

Expert Solution

Formula

Sensitivity report

1. Bottleneck Resource is: SE

Correct answer is True

2. Preferred product is: P

Correct answer is True as P is produced the most

3. Optimal values: B=45 units, P=100 units, and Total Rev =$14,025

Correct answer is True

4. The “allowable Increase” for the coefficient of the B in the objective function is $435.

Correct answer is True as can be seen from the sensitivity report

5. SE Constraint SP is $24 per min.

Correct answer is False as shadow price of SE constraint is 2.25 per minute

keosha answered 1 week ago

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