Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Duality (a) A farmer can plant three types of crops: corn, soy beans and wheat. The farmer is maximizing prot and is constrained by

image text in transcribed
image text in transcribed
1. Duality (a) A farmer can plant three types of crops: corn, soy beans and wheat. The farmer is maximizing prot and is constrained by the land, fertilizer and working-hours availability. Additionally, an existing contract requires that she produces at least 1000 units of corn. The linear programming problem for the farmer is given below: max 30 + 68 + 4W s. t. (land) 120 + 103 + 15W 5 18000 (fertilizer) 150 + 153 + 12W 3 18000 (hers) 40 + 38' + 2W 3 9000 (contract) 0 Z 1000 C, S, W 2 0. Suppose the following information is given about the optimal solution: Variable Value Dual C S W 1000 0 200 0 0 -0.8 Constraint Value Dual land 14000 0 fertilizer 18000 0.4 hours 4600 0 contract 1000 -3 ii. iii. iv. . Formulate the dual problem and verify that you are in fact given the optimal solution (explain how you check it). Suppose that due to logistics difculties, the farmer's availability of fertilizer is reduced by 1000 units. The farmer has an option to purchase additional 1000 units on the market for $300. Should she do it? Suppose that the contract could be expanded to require 1200 units of corn for additional $500 premium. Is it a good offer? Suppose that a few of the farmer's workers have quit, reducing the available worker hours to 8000. What will happen to the optimal solution. What if the available hours are reduced to 4000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Vector Calculus

Authors: Susan J Colley

4th Edition

0321830865, 9780321830869

More Books

Students also viewed these Mathematics questions

Question

What areas of knowledge do I have?

Answered: 1 week ago