Question: Maximize Z = 1 2 x 1 + 1 8 x 2 + 1 5 x 3 where x 1 = the quantity of product

Maximize Z =12x1+18x2+15x3 where x1= the quantity of product 1 to make, etc.Subject to: Machine 5 x1+4 x2+3 x3160 minutesLabor 4 x1+10 x2+4 x3288 hoursMaterials 2 x 1+2 x 2+4 x 3200 poundsProduct 2 x 216 units x 1, x 2, x 30 Are any constraints binding? If so, which one(s)?If the profit on product 3 were changed to $22 a unit, what would the values 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? Consider this situation: A manager is contemplating making changes to a single-server system that is expected to double the service rate, and still have just one server. a. Would you (intuitively) think that doubling the service rate of a single-server system would cut the average waiting time in line in half?b. For the sake of analysis, suppose the current system has an arrival rate of 8 customers per hour and a service rate of 10 customers per hour. If the service rate is doubled, what impact will that have on the average number waiting in line?c. What are some managerial implications of your analysis?

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