Question: Question 2. (30/120) We have a sensitivity analysis problem. The point of this question is to make use of the solution to the original problem

Question 2. (30/120) We have a sensitivity

Question 2. (30/120) We have a sensitivity analysis problem. The point of this question is to make use of the solution to the original problem to solve the amended problem in a faster manner than solving the adjusted LP from scratch. Any solution that solves the adjusted LP from scratch may be given little to no credit. Initial Final Basis 21 22 23 24 2 Solution Basis 21 22 23 24 25 Solution C 410 05 0 C 0001 - 55- 113 6 10011 11 2011 4 22 0100 3100 3 3 23 001| 1 | 2 5 0 -1/5 2/5 For the final optimal basis, we have B-1 = 1 0 3/5 -1/5 -1 2 1 / (a) Find the range of c4 for which the current basis remains optimal. (b) Find the range of c1 for which the current basis remains optimal. (c) Suppose the last constraint is changed to the inequality 3.21 +22 +3.05 > 3 from the corresponding equality constraint. Obtain the new optimal solution. (d) Find the new optimal solution when the constraint 2+.33 3 from the corresponding equality constraint. Obtain the new optimal solution. (d) Find the new optimal solution when the constraint 2+.33

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!

Case Problem 2: Investment Strategy J.D. Williams, Inc., is an investment advisory firm that manages more than $120 million in funds for its numerous clients. The company uses an asset allocation...

Question : Reading 9 :What does it mean to be risk averse or risk neutral? How important is it to evaluate risk and to evaluate how sensitive to risk any business, personal, or academic decision you...

his in thee happen Grope 211 (The Reddy Milks Company) Naka Midas produive both posterior and exterior paints from two raw materials, Aft the Filming table provides the basic date of the problem The...

1 (1 point) Solve the problem. Suppose the sales of a particular brand of appliance satisfy the relationship , where S(x) represents the number of sales in year x, with what year would the sales be...

EXERCISE 3: Sensitivity Analysis Business owners can use these tools to make better decisions Situation 1 Abner can purchase equipment that would automate its production facility. The equipment would...

The COVER model for Ethical Decision Making Student Materials1 I. INTRODUCTION Imagine you work as a salesperson for a company that sells products that are potentially harmful to children and you are...

Determine the reorder point for spatulas. Use a whole number. [1] Tip: Before entering the answer, make sure that your formula uses the daily sales for spatulas, not for other products as may have...

The University of Sydney School of Mathematics and Statistics Assignment MATH2070/2970: Optimisation and Financial Mathematics Semester 2, 2017 Web Page: http://www.maths.usyd.edu.au/u/IM/MATH2070/...

1 (1 point) Solve the problem. The temperature, t, in degrees Fahrenheit, of water 67 + m where m is the number of minutes since heating began. How long will it take for the temperature of the water...

At an emergency room, patients arrive at an average rate of one patient every 17 minutes. Assuming that the length of time between arrivals is exponentially distributed. The distribution for X is Are...

Should you act reasonably and perform only those actions as a c.p.a. that you have the best rational-ethical reasons for performing?

You want to save enough money in a High Yield Savings Account so that you and generations after you can collect a fixed amount of interest every period and spend it on whatever you'd like. What class...

As the manager of Smith Construction, you need to make a decision on the number of homes to build in a new residential area where you are the only builder. Unfortunately, you must build the homes...