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Using the Sensitivity Report output for the Blue Ridge Hot Tub example appearing

ID: 3224427 • Letter: U

Question

Using the Sensitivity Report output for the Blue Ridge Hot Tub example appearing below:

a. What is the range in the number of available pumps that will keep the current basis optimal assuming

     the amount of labor hours and tubing feet remain constant ?

b. Blue Ridge is considering introducing a new model of hot tub called the Typhoon-Tub. Suppose

      that each unit of this new model requires 1 pump, 12 hours of labor, and 13 feet of tubing. Find the

      minimum marginal profit that will make this new product profitable.

Adjustable Cells

Final

Reduced

Objective

Allowable

Allowable

Cell

Name

Value

Cost

Coefficient

Increase

Decrease

$B$3

Units Aqua Spa

122

0

350

100

50

$C$3

Units Hydro-Lux

78

0

300

50

66.66666667

Constraints

Final

Shadow

Constraint

Allowable

Allowable

Cell

Name

Value

Price

R.H. Side

Increase

Decrease

$I$4

Pumps Usage

200

200

200

7

26

$I$5

Labor Usage

1566

16.66666667

1566

234

126

$I$6

Tubing Usage

2712

0

2880

1E+30

168

Adjustable Cells

Final

Reduced

Objective

Allowable

Allowable

Cell

Name

Value

Cost

Coefficient

Increase

Decrease

$B$3

Units Aqua Spa

122

0

350

100

50

$C$3

Units Hydro-Lux

78

0

300

50

66.66666667

Constraints

Final

Shadow

Constraint

Allowable

Allowable

Cell

Name

Value

Price

R.H. Side

Increase

Decrease

$I$4

Pumps Usage

200

200

200

7

26

$I$5

Labor Usage

1566

16.66666667

1566

234

126

$I$6

Tubing Usage

2712

0

2880

1E+30

168

Explanation / Answer

a ) Range = (200 - Allowable Decrease, 200+ Allowable Increase) = (200-26,200+7) = (174,207)

b) Minium price = 200*1 +12*16.667+ 13*0 = 400

A minimum price of 400 needs to be set

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