Question: Consider the following linear program. Max 3A + 2B s.t. 1A + 1B 10 3A + 1B 26 1A + 2B 18 A, B 0

Consider the following linear program.

Max 3A + 2B
s.t.
1A + 1B 10
3A + 1B 26
1A + 2B 18
A, B 0

(a)

Use the graphical solution procedure to find the optimal solution.

What is the value of the objective function at the optimal solution?

at (A, B) =

(b)

Assume that the objective function coefficient for A changes from 3 to 5. Use the graphical solution procedure to find the new optimal solution.

Does the optimal solution change?

The extreme point

---Select--- remains becomes optimal. The value of the objective function becomes .

(c)

Assume that the objective function coefficient for A remains 3, but the objective function coefficient for B changes from 2 to 4. Use the graphical solution procedure to find the new optimal solution.

Does the optimal solution change?

The extreme point

---Select--- remains becomes optimal. The value of the objective function becomes .

(d)

The computer solution for the linear program in part (a) provides the following objective coefficient range information.

Variable Objective Coefficient Allowable Increase Allowable Decrease
A 3.00000 3.00000 1.00000
B 2.00000 1.00000 1.00000

Use this objective coefficient range information to answer parts (b) and (c).

The objective coefficient range for variable A is to . Since the change in part (b) is ---Select--- within outside this range, we know the optimal solution ---Select--- will will not change. The objective coefficient range for variable B is to . Since the change in part (c) is ---Select--- within outside this range, we know the optimal solution ---Select--- will will not change.

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 Finance Questions!