Question: maximize profit: 4 2 x Consider the linear optimization model displayed above. 1 . Set - up the model in an Excel spreadsheet. 2 .
maximize profit: x
Consider the linear optimization model displayed above.
Setup the model in an Excel spreadsheet.
Use the Solver addin to solve for the optimal solution.
Generate the answer and sensitivity reports from Solver.
After solving the problem and generating the Solver reports, answer the following questions:
a What is the optimal value of X
b What is the optimal value of Y
c What is the optimal value of Z
d What is the value of the objective function at the optimal solution?
e Suppose the righthand side RHS of the first constraint were increased by How much will the objective function increase?
f How many of the constraints are binding?
g How much can the coefficient of Y in the objective function increase before the optimal product mix changes?
h One of the decision variables takes the value of at the optimal solution. What objective function coefficient value would cause the optimal solution to have a nonzero value for this decision variable?
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
