Question

In: Statistics and Probability

Toys Insane Inc. produces two goods: Glibber Gems (G) and Blubber Bricks (B). In order to...

Toys Insane Inc. produces two goods: Glibber Gems (G) and Blubber Bricks (B). In order to produce Glibber Gems and Blubber Bricks, three input factors are necessary: Slime (S), Tran (T), and Gorilla Mucus (M). The following table summarizes how many input factors are necessary to produce one unit of each good and how many input factors are available in total:

Glibber Gems

Blubber Bricks

Total Units Available

Slime Units

1

2

14

Tran Units

3

4

36

Gorilla Mucus Units

9

6

90

The unit profits for each Glibber Gem and Blubber Brick are each $5.

Please program the linear programming model using Excel's "Solver (Please check "Make Unconstrained Variables Non-Negative")

By how much could the unit profit of Glibber Gems increase, before the optimum solution changes?

Solutions

Expert Solution

The parameters and solver output is:

The formulas are:

The profit is $55.

orchestra answered 1 year ago
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