Question: The following linear programming problem has been solved by Excel's Solver. Use the output to answer the questions. Consider the following linear program: MIN 1
The following linear programming problem has been solved by Excel's Solver. Use the output to answer the questions. Consider the following linear program:
MIN
ST X X X X X X
a What is the solution to the problem?
b Which constraints are binding?
c Interpret the reduced cost for x
d What would happen if the cost of x dropped to and the cost of x increased to
Final Value
Profit contribution
X
X
X
Total
Variable Cells
Final Value
Reduced Cost
Objective Coefficient
Allowable. Increase
Allowable Decrease
Name
XI
IE
X
X
IE
Constraints
Final Value
Name
Shadow Price
Constraint RH Side
Allowable Increase
Allowable Decrease
Constraint
Constraint
a According to the above equation, predict demand for months to by using exponential smoothing method with a and forecast for first month equal to
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