Question: Exercise 1 7 - 2 1 Algo Consider the following LP problem. Minimize z = 7 x 1 + 5 x 2 + 5 x
Exercise Algo
Consider the following LP problem.
Minimize z xxx
Subject to
Constraint : xxx
Constraint : xxx
Constraint : xxx
where x x and x represent the decision variables. Solve the LP problem to answer the following questions.
a What are the values of x x and x at the optimal solution?
Note: Round your answers to decimal places.
a What is the minimum value of z
Note: Round your answers to decimal places.
b Identify the binding and nonbinding constraints and report the surplus value, as appropriate.
Note: If the answer to constraints is "NonBinding" enter surplus value to decimal places or leave cells blank.
c Report the values and ranges of feasibility of the shadow price of each binding constraint. Interpret the results.
Note: Round your answers to decimal places.
d What is the range of optimality for the three objective function coefficients? Interpret the results.
Note: Round your answers to decimal places.
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