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About the book called Managerial Decision Modeling with Spreadsheets 3th Edition.Answer four questions based on book, each question have to summary about 10 sentences.
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Running head: MANAGERIAL DECISION MODELING
Managerial Decision Modeling
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MANAGERIAL DECISION MODELING
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Managerial Decision Modeling
4.1 Sensitivity analysis of changes in objective function co-efficient
Sensitivity analysis refers to the procedure that allows for answering of questions using
current optimal solutions, without having to resolve the LP models (Balakrishnan et al., 2012). It
can be applied in businesses to analyze the effects of information like advertising on the output.
The firm can compare sales results from advertisements differing from when or not included ...