Illustrate what is the objective coefficient ranges

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Reference no: EM1377923

Q. Linear Programming: Sensitivity Analysis also Interpretation of Solution

Vollmer Manufacturing makes three components for sale to refrigeration companies. The components are processed on two machines: a shaper also grinder. The times (in minutes) required on each machine are as follows:

Machine

Component Shaper Grinder
1 6 4
2 4 5
3 4 2

The shaper is available for 120 hours, also the grinder is available for 110 hours. No more than 200 units of components 3 can be sold, but up to 1000 units of each of the other components can be sold. In fact, the organization already has orders for 600 units of component 1 that must be satisfied. The profit contributions for components 1, 2, also 3 are $ 8, $6, also $9, respectively.

a. Formulate also solve for the recommended productions quantities.

b. Illustrate what is the objective coefficient ranges for the three components? Interpret these ranges for organization management.

c. Illustrate what are the right-hand-side ranges? Interpret these ranges for organization management.

d. If more time could be made available on the grinder, explain how much would it be worth

e. If more units of components 3 can be sold by reducing the sales prices by $4, should the organization reduce the price?

Reference no: EM1377923

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