OBJECTIVE FUNCTION Z = 3X + 2X2 + 4X3

CONSTRAINTS Z
3X1 + 2X2 + 5X3 <= 18
4X1 + 2X2 + 3X3 <= 16
2X1 + X2 + X3 >= 4
X1,X2,X3 > 0
 MAX
0 6.5 1 OBJ
3 2 4 17

LHS RLN RHS

3 2 5 18 <= 18 3.5 SLACK
4 2 3 16 <= 16 0 SLACK
2 1 1 7.5 >= 4 0 SURPLUS
non-binding
binding
binding
Microsoft Excel 16.0 Answer Report
Worksheet: [Book1]Sheet1
Report Created: 09/10/2024 8:59:01 am
Result: Solver found a solution. All Constraints and optimality conditions are satisfied.
Solver Engine
Engine: Simplex LP
Solution Time: 0.031 Seconds.
Iterations: 4 Subproblems: 0
Solver Options
Max Time Unlimited, Iterations Unlimited, Precision 0.000001, Use Automatic Scaling
Max Subproblems Unlimited, Max Integer Sols Unlimited, Integer Tolerance 1%, Assume NonNegati

Objective Cell (Max)

Cell Name Original Value Final Value
$K$5 Z OBJ 0 17

Variable Cells
Cell Name Original Value Final Value Integer
$H$4 0 0 Contin
$I$4 0 6.5 Contin
$J$4 0 1 Contin

Constraints
Cell Name Cell Value Formula Status Slack
$K$10 LHS 7.5 $K$10>=$M$10 Not Binding 3.5
$K$8 2X1 + X2 + X3 >= 4 LHS 18 $K$8<=$M$8 Binding 0
$K$9 X1,X2,X3 > 0 LHS 16 $K$9<=$M$9 Binding 0
are satisfied.

Assume NonNegative
Microsoft Excel 16.0 Sensitivity Report
Worksheet: [Book1]Sheet1
Report Created: 09/10/2024 8:59:01 am

Variable Cells
Final Reduced Objective Allowable
Cell Name Value Cost Coefficient Increase
$H$4 0 -0.5 3 0.5
$I$4 6.5 0 2 0.6666666667
$J$4 1 0 4 1

Constraints
Final Shadow Constraint Allowable
Cell Name Value Price R.H. Side Increase
$K$10 LHS 7.5 0 4 3.5
$K$8 2X1 + X2 + X3 >= 4 LHS 18 0.5 18 8.6666666667
$K$9 X1,X2,X3 > 0 LHS 16 0.5 16 2
 Allowable Lower Upper Range of
Decrease Limit Limit Feasibility
1E+030 -1E+030 3.5 (-infinity, 3.5)
0.1818181818 1.818182 2.666667 (1.818182, 2.666667)
1 3 5 (3,5)

Allowable Lower Upper Range of

Decrease Limit Limit Feasibility
1E+030 -1E+030 7.5 (-infinity, 3.5)
2 16 26.66667 (16, 26.66667)
4.6666666667 11.33333 18 (11.33333, 18)
OBJECTIVE FUNCTION Z = 10X + 15X3

CONSTRAINTS
2X1 + 4X2 <= 100
3X1 +3X2 <= 80
 MAX
15 17.5 OBJ
10 15 412.5

LHS RLN RHS

2 4 100 <= 100
3 2 80 <= 80

A. Suppose the profit on deluxe frames is increased to $20. Is the above solution still optimal?
- since the increase is within the range, it is Optimal

B. What is the value of the objective function when this unit profit of professional frames is increased to
- the new Z will be 20(15) + 15 (17.5) = 562.5

C. If the unit profit on deluxe frames were $6 instead of $10, would the optimal solution change?
- Yes, since the range of deluxe frames is $7 and $22.5 and $6 is outside the range

D. If simultaneously the profit on Deluxe frames was raised to $16 and the profit on Professional frames
- Yes, since $16 and $17 are within the range of each respective profits, the current so

E. Given that aluminum is a sunk cost, what is the maximum amount the company should pay for 50 ext
- Since the shadow price of Aluminum is 3.125, and the allowable increase is up to 60
to solve the maximum amount the company will pay we need to multiply the shadow
amount of the aluminum and it will be (50)(3.125) =
F. If aluminum were a relevant cost, what is the maximum amount the company should pay for 50 extra
- BONUS!!!!!!
olution still optimal?

essional frames is increased to $20 ?

timal solution change?

d $6 is outside the range

profit on Professional frames was raised to $17, would the current solution be optimal?
ective profits, the current solution would still be optimal

ompany should pay for 50 extra pounds of aluminum?

lowable increase is up to 60 it is optimal to increase the extra pounds of aluminum
need to multiply the shadow price to the additional
156.25
mpany should pay for 50 extra pounds of aluminum?
Microsoft Excel 16.0 Answer Report
Worksheet: [Book1]Item 2
Report Created: 09/10/2024 9:42:32 am
Result: Solver found a solution. All Constraints and optimality conditions are satisfied.
Solver Engine
Engine: Simplex LP
Solution Time: 0.032 Seconds.
Iterations: 2 Subproblems: 0
Solver Options
Max Time Unlimited, Iterations Unlimited, Precision 0.000001, Use Automatic Scaling
Max Subproblems Unlimited, Max Integer Sols Unlimited, Integer Tolerance 1%, Assume NonNegati

Objective Cell (Max)

Cell Name Original Value Final Value
$K$5 2X1 + 4X2 <= 100 OBJ 412.5 412.5

Variable Cells
Cell Name Original Value Final Value Integer
$I$4 CONSTRAINTS 15 15 Contin
$J$4 CONSTRAINTS 17.5 17.5 Contin

Constraints
Cell Name Cell Value Formula Status Slack
$K$8 LHS 100 $K$8<=$M$8 Binding 0
$K$9 LHS 80 $K$9<=$M$9 Binding 0
onditions are satisfied.

tomatic Scaling
ance 1%, Assume NonNegative
Microsoft Excel 16.0 Sensitivity Report
Worksheet: [Book1]Item 2
Report Created: 09/10/2024 9:42:32 am

Variable Cells
Final Reduced Objective Allowable Allowable
Cell Name Value Cost Coefficient Increase Decrease
$I$4 CONSTRAINTS 15 0 10 12.5 2.5
$J$4 CONSTRAINTS 17.5 0 15 5 8.3333333333

Constraints
Final Shadow Constraint Allowable Allowable
Cell Name Value Price R.H. Side Increase Decrease
$K$8 LHS 100 3.125 100 60 46.666666667
$K$9 LHS 80 1.25 80 70 30
 Lower Upper Range of
Limit Limit Feasibility
7.5 22.5 [7.5, 22.5]
6.666667 20 [6.666667, 20]

Lower Upper Range of

Limit Limit Feasibility
53.33333 160 [53.33333, 150]
50 150 [50, 150]