Question: Given the model below, c 2 , a 12 , and a 22 have to be determined based on three different scenarios with the same
Given the model below, c2, a12, and a22 have to be determined based on three different scenarios with the same probability of occurrence. Use stochastic programming to formulate the appropriate model and use SAS to find the optimal solution. The scenarios are:
Scenario 1: c2 = 4, a12 = 2, and a22 = 3
Scenario 1: c2 = 6, a12 = 3, and a22 = 4
Scenario 1: c2 = 3, a12 = 2, and a22 = 1
Minimize Z = 5x1 + c2x2,
subject to
3x1 + a12x2 ≥ 60
2x1 + a22x2 ≥ 60
and
x1 ≥ 0, x2 ≥ 0.
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Colution aven data Min z 51 Gd2 Subject to 34 a122s 60 241a92t2 60 S... View full answer
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