Sensitivity Analysis

A company manufactures four variants of the same product (Product X), and in the final part of the manufacturing process there are Assembly, Polishing and Packing operations. For each variant the time required for these operations is shown below (in minutes per unit) as is the profit per unit sold.Variant Assembly Polishing Packing Profit (£)X1 2 3 2 1.50X2 4 2 3 2.50X3 3 3 2 3.00X4 7 4 5 4.50Given the current state of the labour force, the company estimate that, each year, they have 100,000 minutes of Assembly time, 50,800 minutes of Polishing time and 60,000 minutes of Packing time available.A solution to the linear programme is given below, where S1, S2 and S3 are slack variables for the labour time for the Assembly, Polishing and Packing operations, respectively.Final TableauX1X2X3X4S1S2S3SolutionS1-1.0000.21-0.2-1.217,840X31.0010.400.6-0.46,480X20.0101.40-0.40.615,680Z1.5000.200.80.358,640Required1. Provide an explanation of the meanings of each of the terms in the final Tableau above.(6 marks)2. What if 200 units of the product X1 and 500 units of the product X4 should be produced to satisfy an influential customer? What will be the new production plan and the total contribution generated per year? Also, state the impact of this on the resources remaining.(6 marks)For more information on Sensitivity Analysis check on: https://en.wikipedia.org/wiki/Sensitivity_analysis

Don't use plagiarized sources. Get Your Custom Essay on
Sensitivity Analysis
Just from \$13/Page
Pages (550 words)
Approximate price: -

Why Choose Us

Quality Papers

At Acme Writers, we always aim at 100% customer satisfaction. As such, we never compromise o the quality of our homework services. Our homework helpers ensure that they craft each paper carefully to match the requirements of the instruction form.

With Acme Writers, every student is guaranteed high-quality, professionally written papers. We ensure that we hire individuals with high academic qualifications who can maintain our quality policy. These writers undergo further training to sharpen their writing skills, making them more competent in writing academic papers.

Affordable Prices

Our company maintains a fair pricing system for all academic writing services to ensure affordability. Our pricing system generates quotations based on the properties of individual papers.

On-Time delivery

Acme Writers guarantees all students of swift delivery of papers. We understand that time is an essential factor in the academic world. Therefore, we ensure that we deliver the paper on or before the agreed date to give students ample time for reviewing.

100% Originality

Acme Writers maintains a zero-plagiarism policy in all papers. As such, Acme Writers professional academic writers ensure that they use the students’ instructions to deliver plagiarism-free papers. We are very keen on avoiding any chance of similarities with previous papers.

Our customer support works around the clock to provide students with assistance or guidance at any time of the day. Students can always communicate with us through our live chat system or our email and receive instant responses. Feel free to contact us via the Chat window or support email: support@Acme Writers.

Try it now!

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
\$0.00

How it works?

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Our Samples

Our writers complete papers strictly according to your instructions and needs, no matter what university, college, or high school you study in.

Categories
All samples
Analysis (any type)
Argumentative essays
Dissertation/Dissertation chapter
Analysis (any type)
Political science
4
Argumentative essays
Is euthanasia ethical or not?
Nursing
3
Dissertation/Dissertation chapter
Videoconferencing as a teaching tool
Education
10

Our Homework Writing Services

Acme Writers holds a reputation for being a platform that provides high-quality homework writing services. All you need to do is provide us with all the necessary requirements of the paper and wait for quality results.

Essay Writing Services

At Acme Writers, we have highly qualified academic gurus who will offer great assistance towards completing your essays. Our homework writing service providers are well-versed with all the aspects of developing high-quality and relevant essays.