Question: Consider the following LP problem. Minimize , z = 8 . 9 0 x 1 + 5 . 9 0 x 2 , Subject to
Consider the following LP problem.
Minimize
Subject to
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 minimum value of Note: Round your answers to decimal places.
tableValue of at the optimal solution,Value of at the optimal solution,Minimum value of
b Identify the binding and nonbinding constraints and report the surplus value, as applicable. Note: If the answer to constraints is "NonBinding" enter surplus value or leave cells blank.
tableConstraint Binding,Constraint Binding,
c Report the shadow price and range of feasibility of each binding constraint.
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
