Consider the following financial problem: Maximize profit = $2X1 + $3X2 Subject to 6X1 + 9X2

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Consider the following financial problem:

Maximize profit = $2X1 + $3X2

Subject to 6X1 + 9X2 ≤ 18

9X1 + 3X2 ≥ 9

X1, X2 ≥ 0

(a) Find the optimal solution using the simplex method.

(b) What evidence indicates that an alternate optimal solution exists?

(c) Find the alternate optimal solution.

(d) Solve this problem graphically as well, and illustrate the alternate optimal corner points.


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Quantitative Analysis For Management

ISBN: 162

11th Edition

Authors: Barry Render, Ralph M. Stair, Michael E. Hanna

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