Question: Given this liner programming model, solve the model and then answer the questions that follow. Are any constraints binding? If so, which one(s)? If the

Given this liner programming model, solve the model and then answer the questions that follow.

Given this liner programming model, solve the

Are any constraints binding? If so, which one(s)?

If the profit on product 3 were changed to $22 a unit, what would the value of the decision variables be? The objective function? Explain.

If the profit on product 1 were changed to $22 a unit, what would the values of the decision variables be? The objective function? Explain.

If 10 hours less of labor time were available, what would the values of the decision variables be? The objective function? Explain.

If the manager decided that as many as 20 units of product 2 could be produced (instead of 16), how much additional profit would be generated?

If profit per unit on each product increased by $1, would the optimal values of the decision variables change? Explain. What would the optimal value of the objective function be?

Maximize Z=12x1+18x2+15x3 where x1= the quantity of product 1 to make, etc. Subject to: Machine 5x1+4x2+3x3160 minutes Labor 4x1+10x2+4x3288 hours Materials 2x1+2x2+4x3200 pounds Product 2 x2x1,x2,x316units0

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