Consider the following linear program, which maximizes profit for two products--regular (R) and super (S):
MAX 50R + 75S
s.t.
1.2 R + 1.6 S ? 600 assembly (hours)
0.8 R + 0.5 S ? 300 paint (hours)
. 16 R + 0.4 S ? 100 inspection (hours)
Sensitivity Report:
Cell $ B$7 $C $7 Name Regular = Super = Final Value 291.67133.33 Reduced Cost 0.000.00 Objective Coefficient 5075 Allowable Increase 7050 Allowable Decrease 2043.75
Cell Name $E$3 Assembly (hr/unit) $E$4 Paint (hr/unit) $E$5 Inspect (hr/unit) Final Value 563.33300.00100.00 Shadow Price 0.0C33.33145.83 Constraint R.H. Side 600300100 Allowable Increase 1$E+3039.2912.94 Allowable Decrease 36.6717540
-If the company wanted to increase the available hours for one of their constraints (assembly, painting, or inspection) by two hours, they should increase ________.
Unemployment Rate
The percentage of the labor force that is jobless and actively seeking employment.
Scientific Management
A management theory that analyzes and synthesizes workflows, aiming to improve economic efficiency and labor productivity.
Hawthorne Works
A factory complex where a series of studies were conducted, highlighting the impact of work conditions on employee productivity, famously known as the Hawthorne effect.
Optimum Degree
The most favorable level or degree of something for a given purpose or outcome.