In the production mix problem, the meaning for the value of a dual variable is the...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
In the production mix problem, the meaning for the value of a dual variable is the marginal increase of the profit for the furniture company from one unit increase in the corresponding resource. Specifically, the dual variable is $10 for one hour increase in the carpenter's time, $10 for one hour increase in the painter's time, and $0 for one hour increase in the metal worker's time. What is the meaning of the value of a dual variable in the diet problem for making dog food from beef and grain? Specifically, specify the respective meanings of the dual variables for the requirements on vitamin1 and 2 and the total number of pounds of the dog food? In the production mix problem, the meaning for the value of a dual variable is the marginal increase of the profit for the furniture company from one unit increase in the corresponding resource. Specifically, the dual variable is $10 for one hour increase in the carpenter's time, $10 for one hour increase in the painter's time, and $0 for one hour increase in the metal worker's time. What is the meaning of the value of a dual variable in the diet problem for making dog food from beef and grain? Specifically, specify the respective meanings of the dual variables for the requirements on vitamin1 and 2 and the total number of pounds of the dog food?
Expert Answer:
Answer rating: 100% (QA)
interpret dual var on vit 1 Every 1 unit decrease in the min requirement on v... View the full answer
Related Book For
Introduction to Operations Research
ISBN: 978-1259162985
10th edition
Authors: Frederick S. Hillier, Gerald J. Lieberman
Posted Date:
Students also viewed these general management questions
-
Suppose a country produces 50 units (Q) per year, and the world interest rate is 10%. Consumption is also 50 units per year, and I=G=0. Suppose that unexpected production cuts occurred at zero...
-
For each value of a in the set {32, 31.9, 31.8, 32.1,32.2}, compute the characteristic polynomial of A and the eigenvalues. In each case, create a graph of the characteristic polynomial p(t) = det (A...
-
In calculus, it is shown that the area of the region bounded by the graphs of y = 0, y = 1 / (x2 + 1), x = a, and x = b (see figure) is given by Area = arctan b arctan a. Find the area for each value...
-
In 1987, British skier Graham Wilkie achieved a speed of v = 211 km/h going downhill. Assuming that he reached the maximum speed at the end of the hill and then continued on the horizontal surface,...
-
Laura Daniels is contemplating paying five years rent in advance. Her annual rent is $12,600. Calculate the single sum that would have to be paid now for the advance rent if we assume compound...
-
In the circuit shown in Fig, the 16.0-V battery is removed and reinserted with the opposite polarity, so that its negative terminal is now next to point a. Find (a) The current in the circuit...
-
Cooling tower in a steam power plant is a device for (a) condensing steam into water (b) cooling the exhaust gases coming out the boiler (c) reducing the temperature of superheated steam (d) reducing...
-
Calzoni Boating Co. is an interstate business engaged in manufacturing and selling boats. The company has five hundred nonunion employees. Representatives of these employees are requesting a...
-
Your text talks about Therapeutic Use Exemptions (TUE) and how they play a role in modern drug testing. You've also read a portion of the Major League Baseball Joint Drug Prevention and Treatment...
-
For the base case in this section, as a percentage of sales, COGS = 70 percent, SGA = 14 percent, R&D = 2.8 percent. Depreciation, Interest expense are fixed as stated. Tax Rate is 21 percent. 1.a...
-
A hydrometer of a given weight will sink when placed in a fluid, and the amount it sinks is based on the fluid density. The hydrometer shown in the figure below has a mass, m, of 0.09 kg, and the...
-
Look at the following structure declaration. struct Employee { string name; }; int idNum; Employee staff [100]; The correct statement to display the 50th name among the employees is
-
Sunshine Foundation, a non-profit organization dedicated to providing education and healthcare services to underserved communities, operates as a tax-exempt entity. Understanding the accounting...
-
You are treating a 15-year-old female client for an eating disorder. She reveals that she is pregnant and does not want you to share this information with her parents. What do you tell her? Following...
-
The Circle R golf pro shop uses a markup rate of 3 9 % on a set of Tour Pro golf clubs that costs the shop $ 2 1 0 . What is the selling price?
-
I need to write a paragraph for my APA style paper. "Disclosure Note 1 5 discusses Tesla's accounting for contingencies. What is Tesla's approach for accruing losses for litigation liabilities? Is...
-
1-Write a prolog program to get a list and returns a list that has only the first two element and the last element of the original list For example ?-delements([a, [b, [c], d], e, [], f], Q). Q = [a,...
-
(a) How far away can a human eye distinguish two ear headlights 2.0 m apart? Consider only diffraction effects and assume an eye pupil diameter of 5.0 mm and a wavelength of 550 nm. (b) What is the...
-
A client of a large investment bank is interested in purchasing a European call option for a certain stock that provides him with the right to purchase the stock at a fixed price 12 weeks from today....
-
The sales manager for a publisher of college textbooks has six traveling salespeople to assign to three different regions of the country. She has decided that each region should be assigned at least...
-
Use the scenario given in Prob.16.3-12. (a) Draw and properly label the decision tree. Include all the payoffs but not the probabilities. (b) Find the probabilities for the branches emanating from...
-
The annuity provides the highest income stream to the individual. A. Installment refund annuity. B. Joint and survivor annuity. C. Period certain. D. Single life annuity.
-
The key to successful planning for financial independence is to A. Accurately estimate an inheritance. B. Accurately estimate lifestyle needs. C. Accurately estimate the Consumer Price Index. D....
-
Which are true regarding an annuity? I. It is a contractual obligation to make periodic payments. II. The payments may be paid at some future date. III. The payments must begin immediately. IV. The...
Study smarter with the SolutionInn App