Question: Based on the sensitivity report attached for the above LPP, answer the following questions: 1. What is the size of this LP problem? Why? (2

Based on the sensitivity report attached for the above LPP, answer the following questions: 1. What is the size of this LP problem? Why? (2 points) 2. What is the impact on the optimal solution and optimal value if we inerease the cost coefficient from 10 to 10.1? Why? (2 points) 3. What is the optimal value for the dual problem? Why? (2 points) 4. Is it profitable to produce a new product with net profit of $16 requiring 6 units of resource #1 and 3 units of resource # 2 ? Why? (2 points) 5. What is the impact of deleting the second constraint on the optimal solution? Why? (2 points) Based on the sensitivity report attached for the above LPP, answer the following questions: 1. What is the size of this LP problem? Why? (2 points) 2. What is the impact on the optimal solution and optimal value if we inerease the cost coefficient from 10 to 10.1? Why? (2 points) 3. What is the optimal value for the dual problem? Why? (2 points) 4. Is it profitable to produce a new product with net profit of $16 requiring 6 units of resource #1 and 3 units of resource # 2 ? Why? (2 points) 5. What is the impact of deleting the second constraint on the optimal solution? Why? (2 points)
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
