Consider the following LP problem where x 1 and x 2 represent the decision variables. Solve the
Question:
Consider the following LP problem
where x1 and x2 represent the decision variables. Solve the LP problem to answer the following questions.
a. What are the values of x1 and x2 at the optimal solution? What is the minimum value of z?
b. Identify the binding and nonbinding constraints and report the surplus value, as applicable.
c. Report the shadow price and range of feasibility of each binding constraint.
d. What is the range of optimality for the two objective function coefficients?
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a Optimal solution x 1 26842 x 2 5526 and z 573158 b Both c...View the full answer
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