Question: For a minimization problem, if one constraints final value (LHS) is 368, and its shadow price is negative, which of the following is true? The

For a minimization problem, if one constraints final value (LHS) is 368, and its shadow price is negative, which of the following is true?

The right-hand-side (RHS) value of that constraint is less than 368.

That specific constraint is non-binding.

That specific constraint is binding.

The right-hand-side (RHS) value of that constraint is la

Exhibit 3

A small town wants to build some new recreational facilities. The proposed facilities include a swimming pool, recreation center, basketball court and baseball field. The town council wants to provide the facilities which will be used by the most people, but faces budget and land limitations. The town has $400,000 and 14 acres of land. The daily usage and cost of the facilities (in $1,000) are shown below.

Formulate the ILP for this problem. Xi = 0, 1

Variable

Facility

Usage

Cost ($1,000)

Land (acres)

X1

Swimming pool

400

100

2

X2

Recreation center

500

200

3

X3

Basketball court

300

150

4

X4

Baseball field

200

100

5

Refer to Exhibit 3. Also the council has only enough flat land to build the basketball court or the baseball field. Which the following best describes this constraint?

Group of answer choices

X3 + X4 1

X3 + X4 2

X3 + X4 = 2

X3 + X4 = 1

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!