Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Variables Values 4 0 0 5 X2 Minimum Ratio X1 S1 1 S2 0 x2 5 10 1 1 s2 0 3 1 0 -1
Variables Values 4 0 0 5 X2 Minimum Ratio X1 S1 1 S2 0 x2 5 10 1 1 s2 0 3 1 0 -1 1 z 5 5 5 5 0 NER C.Z -1 0 -5 0 Answer the following questions, giving reasons in brief: (i) Is the above solution optimal? (ii) Are there more than one optimal solution? (iii) Is this solution degenerate? (iv) Is this solution feasible? (v) If si is slack in machine A (in hours/week) and s2 is slack in machine B (in hours/week), which of these machines is being used to the full capacity when producing according to this solution? (vi) A customer would like to have one unit of product x1 and is willing to pay in excess of the normal price in order to get it. How much the price should be increased in order to ensure no reduction of profit? (vii) Machine A (associated with slack s1, in hours/week) has to be shut down for repairs for 2 hours next week. What will be the effect on profits? (vii) How many units of the two-product x1 and x2 are being produced according to this solution and what is the total profit? Variables Values 4 0 0 5 X2 Minimum Ratio X1 S1 1 S2 0 x2 5 10 1 1 s2 0 3 1 0 -1 1 z 5 5 5 5 0 NER C.Z -1 0 -5 0 Answer the following questions, giving reasons in brief: (i) Is the above solution optimal? (ii) Are there more than one optimal solution? (iii) Is this solution degenerate? (iv) Is this solution feasible? (v) If si is slack in machine A (in hours/week) and s2 is slack in machine B (in hours/week), which of these machines is being used to the full capacity when producing according to this solution? (vi) A customer would like to have one unit of product x1 and is willing to pay in excess of the normal price in order to get it. How much the price should be increased in order to ensure no reduction of profit? (vii) Machine A (associated with slack s1, in hours/week) has to be shut down for repairs for 2 hours next week. What will be the effect on profits? (vii) How many units of the two-product x1 and x2 are being produced according to this solution and what is the total profit
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