Consider the problem Min2X2 - 20X + 2XY + Y2 - 14Y + 58 s.t. X +

Question:

Consider the problem

Min2X2 - 20X + 2XY + Y2 - 14Y + 58

s.t. X + 4Y ≤ 8

a. Find the minimum solution to this problem.

b. If the right-hand side of the constraint is increased from 8 to 9, how much do you expect the objective function to change?

c. Resolve the problem with a new right-hand side of 9. How does the actual change compare with your estimate?

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Quantitative Methods for Business

ISBN: 978-0324651751

11th Edition

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

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Question Posted: Aug 03, 2012 02:11 AM

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Consider the problem Min2X2 - 20X + 2XY + Y2 - 14Y + 58 s.t. X +

Question:

Step by Step Answer:

a Using LINGO or Excel Solver the optimal solution is X 432 Y 092 for an optimal solu...View the full answer

Quantitative Methods for Business

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