Consider the following LP problem where x 1 and x 2 represent the decision variables. Solve the

Question:

Consider the following LP problem 


where x1 and x2 represent the decision variables. Solve the LP problem to answer the following questions. 

a. What are the values of x1 and x2 at the optimal solution? What is the maximum value of z? 

b. Identify the binding and nonbinding constraints and report the slack value, as applicable. 

c. Report the shadow price and the range of feasibility of each binding constraint. Interpret the results. 

d. What is the range of optimality for the two objective function coefficients? Interpret the results

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

Step by Step Answer:

Related Book For  book-img-for-question

Business Analytics Communicating With Numbers

ISBN: 9781260785005

1st Edition

Authors: Sanjiv Jaggia, Alison Kelly, Kevin Lertwachara, Leida Chen

Question Posted: