Question: Consider the following LP model. The final simplex table is shown below. Maximize Z=3X1 + X2 + 2X3 Subject to 2X1 + 2X2 + X3

Consider the following LP model. The final

Consider the following LP model. The final simplex table is shown below. Maximize Z=3X1 + X2 + 2X3 Subject to 2X1 + 2X2 + X3 0 Basic Z X1 s2 X3 X1 0 1 0 0 X2 2 1 1 0 X3 s1 s2 0 1.43 0 0 0.57 0 0-2.57 1 1 -0.14 0 $3 Solution 0.14 13.71 -0.14 2.29 0.14 1.71 0.29 3.43 i. What is the dual price of resource 1? ii. If the first resource is changed from 8 to 6, do we need to resolve the model? Justify your answer. iii. For the same change above, what is the new optimal solution

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 General Management Questions!

3) [10 marks] Consider the following LP model. The final "optimal" simplex table is shown below. Maximize Z =4X1 + X2 + 5X3 Subject to X1 + X2 + X3 - 4 2X1 + X2 + 3X3

Assignment 1 1. Food A contains 20 units of vitamin x and 40 units of vitamin y per gram. Food B contains 30 units of each of vitamins x and y. The daily minimum human requirements of vitamin x and y...

1) [10 marks] Consider the following LP model. The final "optimal simplex table is shown below. Maximize Subject to Z=4X, + X2 + 5X X, + X2 + X;

2. (25 pts. Consider the following problem. Maximize Z = 2x1 + 5x2 + 3x3 s.t. X1 - 2x2 + 3x3 > 20 2x1 + 4x2 + x3 = 50 x1 + x2 + 3x3 -1 and X1, X2, X3 > 0 a. Reformulate this problem to fit our...

2. (25 pts. Consider the following problem. Maximize Z=2x1 + 5x2 + 3x3 St. X1 - 2x2 + 3x3 20 2x1 + 4x2 + x3 = 50 x1 + x2 + 3x3 3 4 .X1 x3 > -1 - and X1, X2, 3 > 0 a Reformulate this problem to fit...

Please solve the following problem Consider the following example Consider the following LP Model: Maximize z= 4x1 + 6x2 + 2x3 o Subject to X1 + 2x2 + 2x3 = 4 4x1 + 2x2 + 2x3 = 16 X1 + 4x2 + 3x3 = 9...

Consider the following LP model. Min Z = 3x1 2x2 + x3 + 2x4 s.t. x2 + 4x4 = 40 2x1 - x2 + 4x3 + 2x4 = 10 X1, X2, x3, x4 >=0 Artificial standard form of the model is given below. Min Z = 3x1 2x2 + x3...

QUESTION # 1 (40 points): Solve the following inathematical inodels through SIMPLEX and cominent on the solution. (a) (20 Points) maximize Z = 2x1 - x2 + x3 Subject to 3x1 + x2 + x3 = 60 2x1 + x2 +...

Alvin is a limited partner in ABC Partnership. He has invested $300,000.00 in the partnership through his corporation XYC Corp. It has come to Alvin's attention that Mary, one of the partners,...

1. Frisky, Inc is financed entirely by common stock which is priced according to a 15% expected return. If the company re-purchases 25% of the common stock and substitutes an equal value of debt,...

1 of 5 Jake has been with the company for four years. Rarely in the past has Jake been late for work. Jak's late arrivals last week are serious, but they are the first in a long time. According to...

Read the articles on journaling and review the template provided. Identify what approach, to journaling, in the articles you found useful and why. Post to the discussion forum that you have reviewed...