Question: Solve the following model graphically, using an 8 by 8 grid. maximize 7 x 1 + 3 x 2 subject to (1) 8 x 1
Solve the following model graphically, using an 8 by 8 grid.
maximize 7x1 + 3x2
subject to
(1) 8x1 + 2x2 32
(2) x1 + 5x2 25
(3) 10x1 + 2x2 39
(4) 4x1 + 5x2 30
x1 , x2 0
(b) Perform a sensitivity analysis for each of the objective function coeffificients.
(c) Perform a sensitivity analysis for the right-hand-side values for each of the non
binding constraints.
(d) Perform a sensitivity analysis for the right-hand-side values for each of the two
binding constraints.
(e) For each of the two binding constraints, find the change to each variable as
function of the right-hand side value, and from these relationships calculate the
two shadow prices.
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