Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 06, 2024

Can anyone explain by details how to solve it on excel Consider the following LP problem: Maximize profit=5X+6Y subject to 2X+Y120, 2X+3Y240 X,Y0 a.What is

Can anyone explain by details how to solve it on excel

Consider the following LP problem:

Maximize profit=5X+6Y

subject to 2X+Y120,

2X+3Y240

X,Y0

a.What is the optimal solution to this problem? Solve it graphically.

b.If a technical breakthrough occurred that raised the profit per unit of X to $8, would this affect the optimal solution?

c,Instead of an increase in the profit coefficient X to $8, suppose that profit was overestimated and should only have been $3. Does this change the optimal solution?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

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

Step: 2

Step: 3

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 Databases questions

Question

7.20 A population consists of N = 5 numbers: 1, 3, 5, 6, and 7. It can be shown that the mean and standard deviation for this population are = 4.4 and 2.15, respectively. a. Construct a probability...

Answered: 1 week ago

Question

★★★★★

Compute the amount that can be borrowed under each of the following circumstances: 1. A promise to repay $90,000 seven years from now at an interest rate of 6%. 2. An agreement made on February 1,...

Answered: 1 week ago

Question

★★★★★

Red Canyon T-shirt Company operates a chain of T-shirt shops in the southwestern United States. The sales manager has provided a sales forecast for the coming year, along with the following...

Answered: 1 week ago

Question

★★★★★

Rafner Manufacturing identified the following budgeted data in its two production departments. Manufacturing overhead costs Direct labor hours Machine hours Assembly $1,218,700 12,200 DLH 6,200 MH...

Answered: 1 week ago

Question

★★★★★

54. The following are production and cost data for two products, A and B, produced in batches of 100 units. Contribution margin per batch Machine set-ups needed per batch Product A $450 Product B...

Answered: 1 week ago

Question

★★★★★

Manager T. C. Downs of Plum Engines, a producer of lawn mowers and leaf blowers, must develop an aggregate plan given the forecast for engine demand shown in the table. The department has a normal...

Answered: 1 week ago

Question

★★★★★

Question 1 (2 points) According to McGregor's X-Y theory, which of the following is a characteristic of Theory Y managers? O 1) They believe that most workers avoid responsibility. O 2) They believe...

Answered: 1 week ago

Question

★★★★★

Systems Analyst role is difficult and challenging. In addition, you likely have a greater appreciation for the significant contributions these professionals make to the results of the organization...

Answered: 1 week ago

Question

★★★★★

Points: 25 Graduation Party Stakeholder Management Plan Stakeholder Management Graduation Project 1. Identify & Analyze Stakeholders: Drawing on the charter you created, create a stakeholder register...

Answered: 1 week ago

Previous Question Next Question