Consider the following linear program: Max 3A + 2B s.t. 1A + 1B 10 3A +

Question:

Consider the following linear program:
Max 3A + 2B
s.t.
1A + 1B ≤ 10
3A + 1B ≤ 24
1A + 2B ≤ 16
A, B ≥ 0
a. Use the graphical solution procedure to find the optimal solution.
b. Assume that the objective function coefficient for A changes from 3 to 5. Does the optimal solution change? Use the graphical solution procedure to find the new optimal solution.
c. Assume that the objective function coefficient for A remains 3, but the objective function coefficient for B changes from 2 to 4. Does the optimal solution change? Use the graphical solution procedure to find the new optimal solution.
d. The computer solution for the linear program in part (a) provides the following objective coefficient range information:
Variable Objective Coefficient Allowable Increase Allowable Decrease
A........................3.00000........................3.00000..................1.00000
B........................2.00000.........................1.00000.................1.00000
Use this objective coefficient range information to answer parts (b) and (c).
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Quantitative Methods For Business

ISBN: 272

12th Edition

Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Cam

Question Posted: