Consider the linear program in Problem 1. The value of the optimal solution is 27. Suppose that

Question:

Consider the linear program in Problem 1. The value of the optimal solution is 27. Suppose that the right-hand side for constraint 1 is increased from 10 to 11.

a. Use the graphical solution procedure to find the new optimal solution.

b. Use the solution to part (a) to determine the dual price for constraint 1.

c. The Management Scientist computer solution for the linear program in Problem 1 provides the following right-hand-side range information:


Consider the linear program in Problem 1. The value of


What does the right-hand-side range information for constraint 1 tell you about the dual price for constraint 1?
d. The dual price for constraint 2 is 0.5. Using this dual price and the right-hand-side range information in part (c), what conclusion can be drawn about the effect of changes to the right-hand side of constraint2?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Quantitative Methods for Business

ISBN: 978-0324651751

11th Edition

Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey cam

Question Posted: