Question: Consider the following LP problem. Minimize = 6 1 + 6 2 + 6 3 Subject Constraint 1 : 7 1 + 6 2 +
Consider the following LP problem. Minimize
Subject
Constraint
:
Constraint
:
Constraint
:
where
and
represent the decision variables. Solve the LP problem to answer the following questions.
What are the values of
and
at the optimal solution? Note: Round your answers to
decimol places.
table
a
What is the minimum value of
Note: Round your answers to
decimol places.
b
Identify the binding and nonbinding constraints and report the surplus value, as appropriate. Note: If the answer to constralnts is "Non
BInding" enter surplus value to
declmal places or leave cells blank.
table
Constraint
Constraint
c
Report the values and ranges of feasibility of the shadow price of each binding constraint. Interpret the results.
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