Question: One of the many linear programming applications is in doing cost - to - benefit analysis. The objective is to select a combination of benefits
One of the many linear programming applications is in doing costtobenefit analysis. The
objective is to select a combination of benefits so as to minimize the cost premium while satisfying all
the benefits goals.
The decision variables here are the levels of four activities A A A and A The linear
programming formulation looks like as below:
Minimize Total Cost A A AA
Subject to:
Benefit : AAAA
Benefit : A AA
Benefit : A A AA
A A A A are algreater than or equal to
a Solve this problem using Solver, and save results and sensitivity analysis. Write down and interpret
the solution
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