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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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?

Related Book For answer-question

Managerial Economics

ISBN: 978-0133020267

7th edition

Authors: Paul Keat, Philip K Young, Steve Erfle

Posted Date: Jun 27, 2024 04:09 AM

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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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Managerial Economics

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