Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An ABC company produces products X, Y, and Z. The company sets up the following LP to decide the production level of the three products.

An ABC company produces products X, Y, and Z. The company sets up the following LP to decide the production level of the three products. MAX 4X + 4Y + 3Z SUBJECT TO 2X + 6Y + 4Z

where objective coefficients 4, 4, and 3 are unit profits of X, Y, and Z. The first two constraints are labor availability and material availability constraints, respectively, and the last three rows are market share constraints. Due to a printer problem, some data in the LP output are missing. Supply the missing data and provide calculations or explanations for your answer. DO NOT just run LINDO.

image text in transcribed

P OPTIMUM FOUND AT STEP OBJECTIVE FUNCTION WALUE 27.00000 VALUE VARIABLE REDUCED COST 3.000000 0.000000 5.000000 0.000000 ROW SLACK OR SURPLUS 0.000000 0.000000 4.000000 3.000000 1.000000 DUAL PRICES 0.500000 1.000000 0.000000 0.000000 0.000000 5) O. ITERATIONS- ANGES IN WHICH THE BASIS IS UNCHANGED OBJ COEFFICIENT RANGES ALLOWABLE ARIABLE CURRENT COEF 4.000000 4.000000 3.000000 ALLOWABLE 2.500000 0.714286 INCREASE DECREASE 5.000000 1.000000 5.000000 P OPTIMUM FOUND AT STEP OBJECTIVE FUNCTION WALUE 27.00000 VALUE VARIABLE REDUCED COST 3.000000 0.000000 5.000000 0.000000 ROW SLACK OR SURPLUS 0.000000 0.000000 4.000000 3.000000 1.000000 DUAL PRICES 0.500000 1.000000 0.000000 0.000000 0.000000 5) O. ITERATIONS- ANGES IN WHICH THE BASIS IS UNCHANGED OBJ COEFFICIENT RANGES ALLOWABLE ARIABLE CURRENT COEF 4.000000 4.000000 3.000000 ALLOWABLE 2.500000 0.714286 INCREASE DECREASE 5.000000 1.000000 5.000000

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

Visual C# And Databases

Authors: Philip Conrod, Lou Tylee

16th Edition

1951077083, 978-1951077082

More Books

Students also viewed these Databases questions