Mathematics, 26.03.2021 02:30 katlyn10289
The Company manufactures paring knives and pocket knives. Each paring knife requires 3 labor-hours, 7 units of steel, and 4 units of wood. Each pocket knife requires 6 labor-hours, 5 units of steel, and 3 units of wood. The profit on each paring knife is$3, and the profit on each pocket knife is $5. Each day the company has available 78 labor-hours,146 units of steel, and 114 units of wood. Suppose that the number of labor-hours that are available each day is increased by 27.
Required:
Use sensitivity analysis to determine the effect on the optimal number of knives produced and on the profit.
Answers: 2
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The Company manufactures paring knives and pocket knives. Each paring knife requires 3 labor-hours,...
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