Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Below is the computer solution to a linear programming problem linear programming X1 X2 RHS Shadow Price Maximize 40 30 Constraint 1 0.4 0.5

Below is the computer solution to a linear programming problem linear programming

X1 X2 RHS Shadow Price
Maximize 40 30
Constraint 1 0.4 0.5 <= 20 33.3333
Constraint 2 0.0 0.2 <= 5 0
Constraint 3 0.6 0.3 <= 21 44.4444
Solution 25 20

Sensitivity Analysis

Variable Value Reduced cost Original value Lower bound Upper bound
X1 25 0 40 24 60
X2 20 0 30 20 60
Constraint Shadow Price Slack/surplus Original value Lower bound Upper bound
Constraint 1 33.3333 0 20 14.00 21.50
Constraint 2 0 1 5 4.00 Infinity
Constraint 3 44.4444 0 21 18.75 30.00

Note: The Reduced Cost is often referred to as the Coefficient Sensitivity.

For the above information, answer the following questions. Provide your answers based on the above information and explain your answers in terms of this information.

a) Write the objective function in equation form and write the constraints as equalities or inequalities.

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_2

Step: 3

blur-text-image_3

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

Quantitative Methods For Business

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

11th Edition

978-0324651812, 324651813, 978-0324651751

More Books

Students also viewed these General Management questions