Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The computer output given below is for Problem 7-31. Use this to answer the following questions. (a) How much could the profit on X increase

The computer output given below is for Problem 7-31. Use this to answer the following questions.

(a) How much could the profit on X increase or decreas without changing the values of X and Y in the optimal solution?

(b) If the right-hand side of constraint 1 were increased by 1 unit, how much would the profit increase?

( c) If the right-hand side of constraint 1 were inceased by 10 units, how much would the profit increase?

X Y RHS Dual
Maximize 5 6
Constaint 1 2 1 <= 120 0.755555
Costraint 2 2 3 <= 0 1.75
Solution> 30 60 510
Variable Value Reduced Cost Original Value Lower Bound Upper Bound
X 30 0 5 4 12
Y 60 0 6 2.5 7.5
Constraint Dual value slack/surplus Original Value Lower Bound Upper Bound
const 1 0.75 0 120 80 240
const 2 1.75 0 240 120 360

Need to solve the Linear programming model in Excel using the Solver add in to Excel.

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

Behavioral Finance And Wealth Management

Authors: Michael M. Pompian

2nd Edition

1118014324, 978-1118014325

More Books

Students also viewed these Finance questions