Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Kalyan Singhal Corp. makes threeproducts, and it has three machines available as resources as given in the following LP problem: Maximize contribution= 3X1+5X2+7X3 1X1+7X2+4X3 100

Kalyan Singhal Corp. makes threeproducts, and it has three machines available as resources as given in the following LP problem:

Maximize contribution= 3X1+5X2+7X3

1X1+7X2+4X3 100 (C1: hours on machine1)

2X1+1X2+7X3 110 (C2: hours on machine2)

8X1+4X2+1X3 100 (C3: hours on machine3)

X1, X2, X30

a) Using a computer software for solvingLP, the optimal solution achievedis:

X1 =______(round your response to two decimalplaces).

X2=______(round your response to two decimalplaces).

X3=______(round your response to two decimalplaces).

Contribution (objective value) = _______ (round your response to two decimalplaces).

b) Machine 1 has _____ hours of unused time available at the optimal solution (round your response to two decimalplaces).

Machine 2 has _____ hours of unused time available at the optimal solution (round your response to two decimalplaces).

Machine 3 has _____ hours of unused time available at the optimal solution (round your response to two decimalplaces).

c) An additional hour of time available for the third machine is worth _____ dollars to the firm (round your response to two decimalplaces).

d) An additional 10 hour of time available for the second machine, at no cost to the firm, are going to increase the objective value by _____ dollars (round your response to two decimalplaces).

e)An additional 12 hour of time available for the second machine, at no cost to the firm, are going to increase the objective value by _____ dollars (round your response to two decimalplaces).

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

Step: 3

blur-text-image

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

12th Edition

840062338, 840062346, 9780840062338, 978-0840062345

More Books

Students also viewed these General Management questions