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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