Q Quiz Submissions - Quiz 2 Christopher McBride (username: christopher.mcbride) Attempt 1 Written: Nov 23, 2018 7:00 AM - Nov 23, 2018 8:03 AM Submission View Your quiz has been submitted successfully. Subsection Question 1 4 / 4 points The Reduced Cost may be viewed as the difference between the marginal contribution of a variable and the marginal value of the resources it consumes.

Q The presence of zeros in the Allowable Increase or Allowable decrease columns for objective function values indicates Question options Impact of changes in RHS values of constraints is typically measured by the Question options The slack of a constraint indicates the amount of a used resource. Question options Questions below make reference to the following problem, along with its associated Sensitivity Report A production manager wants to determine how many units of each product to produce weekly to maximize weekly profits. Production requirements for the products are shown in the following table. Product Material 1 (lbs.) Material 2 (lbs.) Labor (hours) A 3 2 4 B 1 4 2 C 5 none 3.5 Material 1 costs $7 a pound, material 2 costs $5 a pound, and labor costs $15 per hour. Product A sells for $101 a unit, product B sells for $67 a unit, and product C sells for $97.50 a unit. Each week there are 300 pounds of material 1; 400 pounds of material 2; and 200 hours of labor. The output of product A should not be more than one-half of the total number of units produced. Moreover, there is a standing order of 10 units of product C each week. Formulation Max 10A + 10B + 10C Subject to: 3A + B + 5C ? 300 (constraint #1) 2A + 4B ? 400 (constraint #2) 4A + 2B + 3.5C ? 200 (constraint #3) C ? 10 (constraint #4) A, B, C ? 0 Sensitivity Report Suppose that the objective function coefficient for product C increases by $8. What impact will this have on the current values of the optimal solution?

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