Consider the following financial problem: Maximize profit = $2X1 + $3X2 Subject to 6X1 + 9X2
Question:
Consider the following financial problem:
Maximize profit = $2X1 + $3X2
Subject to 6X1 + 9X2 ≤ 18
9X1 + 3X2 ≥ 9
X1, X2 ≥ 0
(a) Find the optimal solution using the simplex method.
(b) What evidence indicates that an alternate optimal solution exists?
(c) Find the alternate optimal solution.
(d) Solve this problem graphically as well, and illustrate the alternate optimal corner points.
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Step by Step Answer:
a The optimal solution using simplex is X 1 3 X 2 0 ROI ...View the full answer
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Related Book For 
Quantitative Analysis For Management
ISBN: 162
11th Edition
Authors: Barry Render, Ralph M. Stair, Michael E. Hanna
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