Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. You are to create a linear program 2. You are to plot each constraint in a single cartesian plane (exclude the non-negativity constraint) 3.

image text in transcribed

1. You are to create a linear program 2. You are to plot each constraint in a single cartesian plane (exclude the non-negativity constraint) 3. You are to shade the feasible solution region 4. You are to plot at least 1 simulated objective function in the same cartesian plane with the constraints 5. You are to simulate the values (coordinates) of each one of the extreme points to the objective function 6. You are to provide the optimum solution Fimm X manufactures products H and I and stores them in warehouses A, B and C. The firm wants to determine how many it's supposed to output given that each unit of H's expected to have a profit of 8 while I at a value of 12. Fimm X must have at least 3 and 2 units of H and I respectively. The firm is only able to use 18 units of input A where both H and I uses 2 units to have at least 1 unit of output. Firm X can allocate 24 units or more of input B for Hand I and use 4 and 6 respectively to have 1 unit of output Develop a Linear Program for Firm X in Maximizing its profit using the graphical method Objective Function Extreme Points Constraints: Optimum Solution: Var Var2 Maximum Profit Graph 1. You are to create a linear program 2. You are to plot each constraint in a single cartesian plane (exclude the non-negativity constraint) 3. You are to shade the feasible solution region 4. You are to plot at least 1 simulated objective function in the same cartesian plane with the constraints 5. You are to simulate the values (coordinates) of each one of the extreme points to the objective function 6. You are to provide the optimum solution Fimm X manufactures products H and I and stores them in warehouses A, B and C. The firm wants to determine how many it's supposed to output given that each unit of H's expected to have a profit of 8 while I at a value of 12. Fimm X must have at least 3 and 2 units of H and I respectively. The firm is only able to use 18 units of input A where both H and I uses 2 units to have at least 1 unit of output. Firm X can allocate 24 units or more of input B for Hand I and use 4 and 6 respectively to have 1 unit of output Develop a Linear Program for Firm X in Maximizing its profit using the graphical method Objective Function Extreme Points Constraints: Optimum Solution: Var Var2 Maximum Profit Graph

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Finance questions