Suppose we modify the production model from Section 1.3 to obtain the following mathematical model: Max 10x
Question:
Max 10x
s.t.
ax ≤ 40
x ≥ 0
Where a is the number of hours required for each unit produced. With a = 5, the optimal solution is x = 8. If we have a stochastic model with a = 3, a = 4, a = 5, or a = 6 as the possible values for the number of hours required per unit, what is the optimal value for x? What problems does this stochastic model cause?
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Related Book For
Quantitative Methods For Business
ISBN: 148
11th Edition
Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Cam
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