Question: The binding constraints for this problem are the first and the nonnegativity constraint x 2 0 . Min x 1 + 2 x 2 ,

The binding constraints for this problem are the first and the nonnegativity constraint x20.
Min x1+2x2,
s.t.x1+x2,300
2x1+x2,400
2x1+5x2,750
,x1,x2,0
a. Keeping c2 fixed at2, over what range can c1 vary before there is a change in the optimal solution
point?
b. Keeping c1 fixed at1, over what range can c2 vary before there is a change in the optimal solution
point?
c.If the objective function becomes Min 1.5x1+2x2, what will be the optimal values ofx1,x2, and
the objective function?
d.If the objective function becomes Min7x1+6x2, what constraints will be binding?
e. Find the dual price for each constraint in the original problem.
TOPIC: Graphical sensitivity analysis
 The binding constraints for this problem are the first and the

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!