Question: Consider the following LP problem. Maximize z = 3 . 9 4 x 1 + 2 . 0 4 x 2 , Subject t o
Consider the following LP problem.
Maximize
Subject
Constraint :
Constraint :
Constraint :
where and represent the decision variables. Solve the LP problem to answer the following questions.
a What are the values of and at the optimal solution? What is the maximum value of Note: Round your answers to decimal places.
tableValue of at the optimal solution,Value of at the optimal solution,Maximum value of
b Identify the binding and nonbinding constraints and report the slack value, as applicable.
Note: If the answer to constraints is "NonBinding" enter slack value to decimal places or leave cells blank.
tableConstraint Constraint
c Report the shadow price and range of feasibility of each binding constraint.
Note: If the answer to constraints is "Binding" enter the "Shadow price" and "Range of feasibility" to decimal places or leave cells blank.
tableShadow Price,Range of FeasibilityFrom,ToConstraint Constraint
d What is the range of optimality for the two objective function coefficients?
Note: Round your answers to decimal places.
tabletableRange of Optimality for theObjective FunctionCoefficientsFrom,To
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
