Question: Consider the following linear program: MIN 6x 1 + 9x 2 ($ cost) s.t. x 1 + 2x 2 8 10x 1 + 7.5x 2

  • Consider the following linear program:

MIN

6x1 + 9x2 ($ cost)

s.t.

x1 + 2x2 8

10x1 + 7.5x2 30

x2 2

x1, x2 0

The Management Scientist provided the following solution output:

OPTIMAL SOLUTION

Objective Function Value = 27.000

Variable

Value

Reduced Cost

X1

1.500

0.000

X2

2.000

0.000

Constraint

Slack/Surplus

Dual Price

1

2.500

0.000

2

0.000

-0.600

3

0.000

-4.500

OBJECTIVE COEFFICIENT RANGES

Variable

Lower Limit

Current Value

Upper Limit

X1

0.000

6.000

12.000

X2

4.500

9.000

No Upper Limit

RIGHT HAND SIDE RANGES

Constraint

Lower Limit

Current Value

Upper Limit

1

5.500

8.000

No Upper Limit

2

15.000

30.000

55.000

3

0.000

2.000

4.000

a.

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

b.

Suppose the unit cost of x1 is decreased to $4. Is the above solution still optimal? What is the value of the objective function when this unit cost is decreased to $4?

c.

How much can the unit cost of x2 be decreased without concern for the optimal solution changing?

d.

If simultaneously the cost of x1 was raised to $7.5 and the cost of x2 was reduced to $6, would the current solution still remain optimal?

e.

If the right-hand side of constraint 3 is increased by 1, what will be the effect on the optimal solution?

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