[Step-by-Step] (a) What are the two different types of sensitivity ranges? Describe each type briefly and give a real world example for each type. (b) What
Question: (a) What are the two different types of sensitivity ranges? Describe each type briefly and give a real world example for each type.
(b) What is a transportation problem? Briefly discuss the decision variables, the objective function and constraint requirements in a transportation problem. Give a real world example of the transportation problem.
(c) What is a marketing problem in applications of linear programming? Briefly discuss the decision variables, the objective function and constraint requirements in a marketing problem. Give a real world example of a marketing problem.
(d) What is the required format of a linear programming problem needed if we want to solve it by using QM for Windows? What information about the solution can you collect from the results provided by QM for Windows? Discuss briefly.
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