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The following linear programming model formulation is used for the production of four different products, with two different manufacturing processes and two different material requirements:
The following linear programming model formulation is used for the production of four different
products, with two different manufacturing processes and two different material requirements:
subject
a Solve this problem by using the computer.
b Identify the sensitivity ranges for the objective function coefficients and the constraint quantity
values.
c Which is the most valuable resource to the firm?
d One of the four products is not produced in the optimal solution. How much would the profit
for this product have to be for it to be produced?
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