Question: Consider the following linear programming problem Maximize $4X1 + $5X2 Subject To 2X1 + 5X2 40 hr Constraint A 3X1 + 3X2 30 hr Constraint
Consider the following linear programming problem
| Maximize | $4X1 + $5X2 | |
| Subject To | 2X1 + 5X2 40 hr | Constraint A |
| 3X1 + 3X2 30 hr | Constraint B | |
| X1, X2 0 | Constraint C |
if A and B are the two binding constraints.
(Round to ONLY two digits after decimal points)
a) What is the range of optimality of the objective function?
Answer C1/C2 Answer
b) Suppose that the unit revenues for X1 and X2 are changed to $100 and $18, respectively. Will the current optimum remain the same?
AnswerYesNO that because the new C1/C2 is Answer which is Answerwithinnot within the range of optimality
c) Suppose that the unit revenue of X1 is fixed $4. What is the associated range for the unit revenue for X2 that will keep the optimum unchanged?
Answer C2 Answer
d) The Shadow Price for Constraint A is Answer.
e) The Shadow Price for Constraint B is Answer
f) If only the capacity of Constraint A is increased from the present 40 hours to 45 hours, The increase in revenue will be = $Answer
g) A suggestion is made to increase the capacities of Constraint A and B by an hour at the additional cost of $1/hr. Is this advisable?
This is advisable for AnswerConstraint AConstraint BBoth Constraints and the total additional net revenue per hour would be $Answer
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