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You have already formulated the following problem as a Linear Program in the previous assignment. For this assignment (for which we made progress in class),
You have already formulated the following problem as a Linear Program in the previous assignment. For this assignment (for which we made progress in class), solve the LP using the graphical/algebraic approach. Clearly identify the optimal solution and optimal objective value. You may upload a scan or photograph of your hand-written answer. The Primo Insurance Company is introducing two new product lines: special risk insurance and mortgages. The expected profit is $5 per unit on special risk insurance and $2 per unit on mortgages. Management wishes to establish sales quotas for new product lines. The work required are as follows. Formulate the LP model. Department Work-hours per unit Work hours Available Special Risk Mortgage Underwriting 3 2 2,400 Admin. 0 1 800 Claims 2 0 1,200
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