Question: m Question 2. Consider the following linear program: Minimize Z= 50X7 + 20X2 + 30X3 + 80X4 st 1) 400X; + 200X2 + 150X3 +

m Question 2. Consider the following linear

m Question 2. Consider the following linear program: Minimize Z= 50X7 + 20X2 + 30X3 + 80X4 st 1) 400X; + 200X2 + 150X3 + 500X4 5 800 2) 3X1 + 2X2 26 3) 2X1 + 2X2 + 4X3 + 4X4 2 10 4) 2X] + 4X2 + X3 + 5X428 X1, X2, X3 , X420. + + + 1. Solve the problem using LINDO or the Solver add-in to MS-Excel. Then answer the following: a. What are the shadow prices corresponding to Constraints 1, 2 and 4? Clearly interpret these values. b. What happens to the value of Z in each of the following three cases (1) c2=18, (2) cz=50 (3) b2=4? c. By how much can b3 change before the current basis is affected? How (if at all) is Z affected? d. Give two interpretations of the reduced cost corresponding to the non-basic variable X4

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!

TACKLE ALL PARTSP5 Problem 1 The Airfare Problem1. You are trying to get the cheapest airfare that you can. You just called up and found that the ticket home will cost $400, and it cannot be refunded...

QUESTION 1 Consider the flu shot game. Write the game in payoff matrix/table form. Player 2 No Shot Shot No Shot -S, -S S, S-K Player 1 Shot S-K, S S-K, S-K Player 2 No Shot Shot No Shot S-K, S-K...

Monopoly PLEASE SHOW ALL YOUR WORK FOR ALL THE FOLLOWING QUESTIONS: Question #1: Consider a monopolist with the (inverse) demand function: Pb = 112 - 6 Qb. Given a (constant) marginal cost of $ 13 ,...

COURNOT QUANTITY SETTING PLEASE SHOW ALL YOUR WORK IN IN HOW YOU GOT YOUR ANSWER!! STEP BY STEP !! Question #1: Consider a Cournot duopoly, the firms face an (inverse) demand function: Pb = 111 - 3...

COURNOT QUANTITY PLEASE SHOW ALL YOUR WORK STEP BY STEP IN IN HOW YOU GOT YOUR ANSWER!! Question #1: Consider a Cournot duopoly, the firms face an (inverse) demand function: Pb = 111 - 3 Qb. The...

Question 1 Consider the following information: Answer saved Points out of 1.00 Flag question State Probability of State i Actual Return of Ford Inc Boom 50% 20% Bust 50% -3% What is the expected...

QUESTION 1 Consider the statements below: I) Quantitative investors rely of sophisticated, data-driven algorithms to do discounted cash-flow valuation of a very large number of stocks simultaneously....

acc On January 1st. 2017, X Company bought 80% of the outstanding common shares of the Y Company for $140,000 cash. On that date Y Company had $50,000 of common shares outstanding and $60,000...

hw 4.2 20 questions QUESTION 1 Consider the generic chemical equation: 2A + 3B -> 30 if 6 moles of A and 2 moles of B are reacted. What is the maximum number of moles of that can be formed? A 9 mol...

QUESTION 1 Using the data provided of MTN, Multichoice and Mr Price daily stock market returns compute 1.1 Expected return for each company 1.2 Variance for each share 1.3 Standard deviation for each...

Security analysts following Health Sciences, Inc., use a simplified income statement method of forecasting. Assume that 2011 sales are $30 million and are expected to grow by 11 percent in 2012 and...

The following is a list of costs incurred by several businesses: a. Packing supplies for products sold. b. Tires for an automobile manufacturer. c. Costs for television advertisement. d. Disk drives...

d . What major obstacle does Michelle face if she tries to meet all of her financial needs bl purchasing cash - value life insurance?

When older adults have difficulty with transportation and communication, or may be reluctant to request needed assistance to which they are entitled, they may be in need of: Group of answer choices...