Essay
Exhibit 4.2
The following questions correspond to the problem below and associated Analytic Solver Platform sensitivity report.
Robert Hope received a welcome surprise in this management science class; the instructor has decided to let each person define the percentage contribution to their grade for each of the graded instruments used in the class. These instruments were: homework, an individual project, a mid-term exam, and a final exam. Robert's grades on these instruments were 75, 94, 85, and 92, respectively. However, the instructor complicated Robert's task somewhat by adding the following stipulations: The following LP model allows Robert to maximize his numerical grade.
-Refer to Exhibit 4.2. Constraint cell F9 corresponds to the constraint, W1 + W2 + W3 + W4 = 1, and has a shadow price of 75. Armed with this information, what can Robert request of his instructor regarding this constraint?
Correct Answer:

Verified
Nothing. The constraint has th...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q21: When a manager considers the effect of
Q22: Given the following Analytic Solver Platform sensitivity
Q23: Which of the constraints are binding at
Q24: A formulation has 20 variables and 8
Q25: Given an objective function value of 150
Q27: Identify the different sets of basic variables
Q28: When a solution is degenerate the shadow
Q29: What is the value of the objective
Q30: A solution to the system of equations
Q31: The shadow price of a nonbinding constraint