Consider the following LP problem: Maximize profit=5X+6Y subject to 2X+Y120, 2X+3Y240 X,Y0 Solve the exercise in Excel
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Question:
Consider the following LP problem:
Maximize profit=5X+6Y
subject to 2X+Y120,
2X+3Y240
X,Y0
Solve the exercise in Excel and retrieve the sensitivity analysis. Answer the following questions:
d) How much could the profit on X increase or decrease without changing the values of X and Y in the optimal solution?
e) If the right-hand side of constraint one were increased by 1 unit, how much would the profit increase?
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