Solve the following LP problem first graphically and then by the simplex algorithm: Maximize profit = 4X1
Question:
Maximize profit = 4X1 + 5X2
Subject to X1 + 2X2 ≥ 80
3X1 + X2 ≥ 75
X1, X2 ≥ 0
What are the values of the basic variables at each iteration? Which are the nonbasic variables at each iteration?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (18 reviews)
Basis for first tableau A 1 80 A 2 75 X 1 0 X 2 0 S 1 0 S 2 0 Second ...View the full answer
Answered By
Albert Kinara
i am an expert research writer having worked with various online platform for a long time. i also work as a lecturer in business in several universities and college part time and assure you well researched and articulate papers. i have written excellent academic papers for over 5 year and have an almost similar experience experting many clients in different units. bachelor of commerce (finance)
masters in strategic management
phd finance
4.60+
26+ Reviews
48+ Question Solved
Related Book For
Quantitative Analysis for Management
ISBN: 978-0132149112
11th Edition
Authors: Barry render, Ralph m. stair, Michael e. Hanna
Question Posted:
Students also viewed these Statistics questions
-
Solve the following LP problem graphically using level curves. MIN: 2X1 + 3X2 Subject to: 2X1 + 1X2 3 4X1 + 5X2 20 2X1 + 8X2 16 5X1 + 6X2 60 X1, X2 0
-
Solve the following LP problem graphically using level curves. MAX: 2X1 + 5X2 Subject to: 6X1 + 5X2 60 2X1 + 3X2 24 3X1 + 6X2 48 X1, X2 0
-
Solve the following LP problem graphically: Minimize cost = 24X + 15Y Subject to: 7X + 11Y 77 16X + 4Y 80 X,Y 0
-
What is the importance of developing plans to achieve organizational goals? explain with examples
-
The matrix transformation f: R2 R2 defined by f(v) = Av, where and A: is a real number, is called dilation in the y-direction if k > 1 and contraction in the y-direction if 0 ] A =
-
Why is social cost benefit analysis important?
-
How do you explain the observation that if parents wave garlic over an infant's crib, the child is likely to begin walking between 18 and 24 months of age? These two events are closely correlated!
-
Finding Financial Information Refer to the financial statements of Urban Outfitters in Appendix C at the end of this book. Required: 1. How much is in the Prepaid Expenses and Other Current Assets...
-
1. Are we obliged to meet the requirements of financial backers when sourcing capital? Please detail your answer. 2. What is the purpose of making variations or changes to a business plan? 3. Outline...
-
Pets-R-Us is a local pet store that offers a variety of pets for adoption. Pets-R-Us also sells a variety of pet-related products, supplies, services, and accessories. Pets-R-Us needs help with the...
-
Consider the following LP problem: Maximize profit = 10X1 + 8X2 Subject to 4X1 + 2X2 80 X1 + 2X2 50 X1, X2 0 (a) Solve this problem graphically. (b) Set up the initial simplex tableau. On the...
-
Solve the following problem by the simplex method. What condition exists that prevents you from reaching an optimal solution? Maximize profit = 6X1 + 3X2 Subject to 2X1 2X2 2 X1 + X2 1 X1, X2 0
-
The Sannons are choosing a name for their baby girl. They have narrowed down their options, and they will choose one first name and one middle name from the list as shown in the table below. a)...
-
Why is pricing so important in digital platforms and marketplaces?
-
What are currently the most widely used approaches for price setting in the SaaS industry?
-
How are you modeling your monetization, which is shifting from users to usage, in this new world?
-
Why are most SaaS companies not leveraging the full power pricing and packaging science?
-
In which respect are pricing models currently changing in the SaaS industry? Please briefly characterize different pricing models.
-
If \(h(x)=0.6 x\), find a. \(h(4.1)\) b. \(h(2.3)\) c. \(h\left(\frac{5}{2} ight)\)
-
An investor sells a European call on a share for $4. The stock price is $47 and the strike price is $50. Under what circumstances does the investor make a profit? Under what circumstances will the...
-
Communication Etiquette: Communicating with Sensitivity and Tact You wish to explore the functions of a more senior role in another department in your organization so that you can decide whether it...
-
Let p be a probability distribution on {0, 1, 2} with moments 1 = 1, 2 = 3/2. (a) Find its ordinary generating function h(z). (b) Using (a), find its moment generating function. (c) Using (b), find...
-
Let X be a discrete random variable with values in {0, 1, 2, . . . , n} and moment generating function g(t). Find, in terms of g (t), the generating functions for (a) X. (b) X + 1. (c) 3X. (d) aX + b.
-
Let X and Y be random variables with values in {1, 2, 3, 4, 5, 6} with distribution functions PX and PY given by PX (j) = a j, PY (j) = b j . (a) Find the ordinary generating functions hX (z) and hY...
-
Q5 Financial maths Initial investment: E 25,000 Year 1 return: 8,000 Year 2 return: E 15,000 Year 3 return: E Year 4 return: E 10,000 5,000 (i) Enter appropriate formulae in the shaded cells in the...
-
The production manager of Rordan Corporation has submitted the following quarterly production forecast for the upcoming fiscal year: Units to be produced 1st Quarter 10,000 2nd Quarter 7,500 3rd...
-
Annswer the following questions: [10 marks] A. Define two of the main advantages of explicit architecture. B. Compare between (1) Model-View-Controller (MVC), (1) Layered architecture pattern. The...
Study smarter with the SolutionInn App