Question: * * Question 2 only * * ( Graphic analysis ) Consider the following program: Minimize: 6 x 1 + 7 x 2 Subject to:

**Question 2 only**(Graphic analysis) Consider the following program:
Minimize: 6x1+7x2
Subject to:
4x1+6x248
2x1+2x218
2x1+x216
x10 and x20
Please delineate the feasible region, identify the optimal solution (x1,x2) and mark it on the
graph. (no need to solve for the value of x1 and x2.)
Please highlight the binding constraints at this optimal solution.(Graphic analysis) Consider the following program:
Minimize: 6x1+7x2
Subject to:
4x1+6x248
2x1+2x218
2x1+x216
x10 and x20
Please delineate the feasible region, identify the optimal solution (x1,x2) and mark it on the
graph. (no need to solve for the value of x1 and x2.)
Please highlight the binding constraints at this optimal solution.
(Sensitivity analysis) Continue with the problem above. Suppose we solve the problem using
the Excel Solver and create the "Sensitivity Report". In this report, we have the following
tables:
If the coefficient for x1 increases to be 7.1, which corner point is mostly likely to be the
optimal solution, and why. Please label the optimal solution as "Z" and mark it on the graph.
(independent of the preceding question) If the coefficient for x2 increases to be 8.5, which
corner point is mostly likely to be the optimal solution.
Constraints
The three rows, from top down, one-one correspond to the three constraints in the
formulation. What if we increase the right-hand side of the first constraint to be 53? What
would be the new objective function value?
 **Question 2 only**(Graphic analysis) Consider the following program: Minimize: 6x1+7x2 Subject

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!