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Problem 2 ( Each question is worth two marks. Total sixteen marks ) Maximize 1 5 x 1 + 2 0 x 2 + 1
Problem Each question is worth two marks. Total sixteen marks
Maximize xxx where
x quantity of product
x quantity of product
x quantity of product
subject to
Labor x xx hours
Material x xx pounds
Machine xxx minutes
x x x
The following information was obtained from the output. The ranges were also computed based
on the output, and they are shown as well.
Total profit
Variable Value Reduced Cost Range
Product Unlimited to
Product to
Product t
Constraint Slack Shadow Price Range of Feasibility
Labor to unlimited
Material to
Machine o
a Which decision variables are basic ie in solution
b By how much would the profit per unit of product have to increase for it to have a
nonzero value ie for it to become a basic variable
c If the profit per unit of product increased by $ to $ would the optimal production
quantities of products and change? Would the optimal value of the objective function
change?
d If the available amount of labor decreased by hours, would that cause a change in the
optimal values of the decision variables or the optimal value of the objective function?
Would anything change?
e If the available amount of material increased by pounds to pounds, how would
that affect the optimal value of the objective function?
f If profit per unit on product increased by $ and profit per unit on product decreased
by $ would that fall within the range of multiple changes?
g Would the values of the decision variables change?
h What would be the revised value of the objective function?
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