Question: 8 . ( Sensitivity Analysis ) Use the following output to answer the questions. MIN 4 X 1 + 5 X 2 + 6 X

8.(Sensitivity Analysis) Use the following output to answer the questions.
MIN 4X1+5X2+6X3
S.T.
1) X1+X2+X3<85
2)3X1+4X2+2X3>280
3)2X1+4X2+4X3>320
Objective Function Value =400.000
Variable Value Reduced Costs
X10.0001.500
X280.0000.000
X30.0001.000
Constraint Slack/Surplus Dual Prices
-------------------------------------------
15.0000.000
240.0000.000
30.000-1.250
OBJECTIVE COEFFICIENT RANGES
Variable Lower Limit Current Value Upper Limit
--------------------------------------------------------
X12.5004.000 No Upper Limit
X20.0005.0006.000
X35.0006.000 No Upper Limit
RIGHT HAND SIDE RANGES
Constraint Lower Limit Current Value Upper Limit
------------------------------------------------------------
180.00085.000 No Upper Limit
2 No Lower Limit 280.000320.000
3280.000320.000340.000
a. What is the optimal solution, and what is the value of the profit contribution?
b. Which constraints are binding?
d. Compute and interpret the ranges of optimality

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!