Question: Question marks ] : A factory manufactures three products using two resources. The following linear program is formulated to maximize the total profit. Maximize Z
Question marks: A factory manufactures three products using two resources. The following linear program is formulated to maximize the total profit.
Maximize
Subject
where and are the amount of products and The optimal solution is given by the following set of equations, where and are the slack variables corresponding to Resource and Resource constraints, respectively.
Using the analytical procedure of sensitivity analysis, answer the following questions.
a What is the range of profit per unit of product so that the current solution is still optimal?
b What should be the profit per unit of product before it becomes worthwhile to manufacture?
c Find the range of for which the given basis is still feasible and optimal if the original RHS vector is replaced by where and
d Find the optimal solution when a new constraint is added to the original problem.
e Due to technological breakthrough the resource requirement of product for the second resource is reduced to unit. Does this affect the optimal solution? Why or why not?
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