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Name - Surname Student ID The mathematical statement of a problem and its excel solution are given as follows : S . t . Zmax

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Student ID
The mathematical statement of a problem and its excel solution are given as follows :
S.t.
Zmax=8101+7002+5203
41+32+3360(labour,hr)
21+42+5350(fabric)
1+32+2350(painting)
1,2,30
Here note that the number E+.. is a very large number which can be accepted as an infinite number.
Please answer the questions according to theLINDO data given below.
a) Indicate the basic and non-basic variables, and their quantities at the optimal tableau in the excel sheet.
b) Indicate the binding and nonbinding constraints of the problem at the optimal solution. Explain your
answer.
c) Indicate the amount of the resources to be used at the optimal solution. Explain your answer? d) Indicate the objective function coefficient of \times 2. Interpret the meaning of the number.
e) Indicate the technological coefficients of \times 1 at the first constraint. Interpret the meaning of the number.
f) Indicate the optimality range of x2. If we increase the objective function coefficient of x2 to 1000, how does
the value of the variables and the value of Z change?
g) Indicate the feasibility range of the painting constraint, and interpret this range.
h) What is the shadow price of the first constraint? How does it affect to value of Z ? Explain your answer.
Find variables that are not in the model. For each one explain what would be its contribution to the optimal
objective function value if a unit of the variable was in the model?
i) Factory managers want to produce more products by overtime in the first constraint, labour. Overtime in
this resources costs the company $120 per hour. In this case, should the company accept this? Explain your
idea.
j) What would be the shadow price if we decrease the fabric to 29 hours? Explain.
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