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Consider the following resource allocation problem and the accompanying optimal tableau (14, 15, and re are slack variables). Z X maximize z = 4x +
Consider the following resource allocation problem and the accompanying optimal tableau (14, 15, and re are slack variables). Z X maximize z = 4x + 6x + 5x3 subject to Z X1 0 3x + x + 2x3 s 64 x + x + x = 20 x + 2x + 3x3 = 30 X1, X2, X30 X2 0 1 0 0 0 0 0 1 0 1 0 XJ X 3 0 3 1 2 0 0 (Profit S) XS (Resource 1) (Resource 2) (Resource 3) 2 -S 2 2 2 I -1 RHS 100 24 10 10 (a) (8) Determine the range on the unit profit of Product 1 (c) for which the current basis remains optimal. (b) (8) What would be the new optimal solution if c was 8? Comment on the new solution. (c) (12) A new product is proposed. It is estimated that each unit of this new product consumes 4 units of Resource 1, 2 units of Resource 2, and 1 unit of Resource 3. What should be the unit profit of this new product for it to be profitable to manufacture? (d) (10) Suppose that the production requirements for Product 3 are modified such that each unit of product 3 now requires 2 units of resource 1, 1 unit of Resource 2, and 1 unit of resource 3. Find the new optimal solution.
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