Question: Q 1 . a ) Briefly explain the following concepts i ) Dominated strateges: b ) Dorninant strategies ii ) Unbalanced transportation problem iv )
Q a Briefly explain the following concepts i Dominated strateges: b Dorninant strategies ii Unbalanced transportation problem iv Degeneracy in transportation b A company makes two kinds of leather belts, belt A and belt B Belt A is a high quality belt and belt B is a lower quality. The respective profits are K in and mathrmK s h per belt. The production of each of type A requires twice as much time as bett of type B and if all betts were of type B the company could make betts per day. The supply of leather is sufficient for only belts per day both A and B combined belt A requires a fancy buckle and only of this are available per day. There are only buchles a dary avaitable for belt B Eormulate this problem as a linear programming Marks ii What should be the dally production of each type of belt? Use simplex method to solve marks iii Interpret your solution as thoroughly as possible Be sure to interpief the shadow pricesmarginal values for the resources Marks
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