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(Solved by Expert Tutors) Implement the following LP model in a spreadsheet. Use Solver to>


solver the problem and create a Sensitivity Report. Use this information to answer the following questions.MAX:2Xi + 4X2Subject to: -X! + 2X2 < 8="" xi="" +="" 2x2="">< 12="" xi+="" x2=""> 2 Xi,X2> 0a.Which of the constraints are binding at the optimal solution?b.Is the optimal solution to this problem unique, or is there an alternate optimalsolution?c.What is the optimal solution to this problem if the value of the objective functioncoefficient for variable Xi is zero?d.How much can the objective function coefficient for variable X2 decrease beforechanging the optimal solution?e.Given the objective in this problem, if management could increase the RHS valuefor any of the constraints for identical costs, which would you choose to increaseand why?Please submit one spreadsheet that has the Solver solution, Sensitivity Report, and answers to the question.

 


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Apr 19, 2020

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