Question
Solve the following model graphically, using an 8 by 8 grid. maximize subject to 7x1 + 3x2 (1) 8x1 + 2x2 <32 (2) x1+ 5x2
Solve the following model graphically, using an 8 by 8 grid. maximize subject to 7x1 + 3x2 (1) 8x1 + 2x2<32 (2) x1+ 5x2 < 25 (3) 10x1+ 2x2 < 39 (4)4x1 + 5x2 < 30
x1, x2 > 0 (b) Perform a sensitivity analysis for each of the objective function coefficients. (c) Perform a sensitivity analysis for the right-hand-side values for each of the non- binding constraints. (d). Perform a sensitivity analysis for the right-hand-side values for each of the two bind- in constraints. (e) For each of the two binding constraints, find the change to each variable as function of the right-hand side value, and from these relationships calculate the two shadow prices
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started