The following LP describes a company that makes 2 products, with 3 constraints. The optimal tableau...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The following LP describes a company that makes 2 products, with 3 constraints. The optimal tableau is given below. (The big M method was used to solve the problem, s3 is the slack of the third constraint, e₂ is the excess variable of the second constraint, and a₁, a2 are the artificial variables of the first and second constraints.) Answer each part using sensitivity analysis. Do not solve from scratch! Show your work. Each part is independent of the others. 2 1 0 0 0 max 21 T₂ 0 0 1 0 GC 2=421 +2₂ 21 +222=6 11-1₂ 23 221 +2₂ ≤ 10 21, 22 20 €2 33 01 02 RHS 0 7/3 M-2/3 M 58/3 0-1/3 2/3 0 2/3 -1/3] 0 14/3 -1 -1 0 1 0 0 2/3 0 1 1 (a) What is the dual of this LP? (b). What is the most that the company should be willing to pay for an extra unit of resource 37 (c). Find the range of values for by (the RHS of the third constraint, which is 10 now) for which the current basis remains optimal. (d). A new constraint is added: ₁ +2 < 5. Clearly the old optimal solution is not feasible to this new constraint. Using sensitivity analysis and dual Simplex, add this new constraint to the tableau and find the new optimal tableau. (Do not solve from scratch!) 28 The following LP describes a company that makes 2 products, with 3 constraints. The optimal tableau is given below. (The big M method was used to solve the problem, s3 is the slack of the third constraint, e₂ is the excess variable of the second constraint, and a₁, a2 are the artificial variables of the first and second constraints.) Answer each part using sensitivity analysis. Do not solve from scratch! Show your work. Each part is independent of the others. 2 1 0 0 0 max 21 T₂ 0 0 1 0 GC 2=421 +2₂ 21 +222=6 11-1₂ 23 221 +2₂ ≤ 10 21, 22 20 €2 33 01 02 RHS 0 7/3 M-2/3 M 58/3 0-1/3 2/3 0 2/3 -1/3] 0 14/3 -1 -1 0 1 0 0 2/3 0 1 1 (a) What is the dual of this LP? (b). What is the most that the company should be willing to pay for an extra unit of resource 37 (c). Find the range of values for by (the RHS of the third constraint, which is 10 now) for which the current basis remains optimal. (d). A new constraint is added: ₁ +2 < 5. Clearly the old optimal solution is not feasible to this new constraint. Using sensitivity analysis and dual Simplex, add this new constraint to the tableau and find the new optimal tableau. (Do not solve from scratch!) 28
Expert Answer:
Answer rating: 100% (QA)
Step 11 The ideal IP has the following dual min 421 22 21 272 6 221 210 2 21 2... View the full answer
Related Book For
Managerial Decision Modeling with Spreadsheets
ISBN: 978-0136115830
3rd edition
Authors: Nagraj Balakrishnan, Barry Render, Jr. Ralph M. Stair
Posted Date:
Students also viewed these human resource management questions
-
A company that makes toaster ovens has done extensive testing on the accuracy of its temperature setting mechanism. For a previous toaster model of this company, the standard deviation of the...
-
A company that makes an athletic shoe designed for basketball has stated in its advertisements that the shoe increases the jumping ability of players who wear it. The general manager of a...
-
A company that makes food-friendly silicone (for use in cooking and baking pan coatings) is considering the independent projects shown, all of which can be considered to be viable for only 10 years....
-
The following condensed balance sheet is for the partnership of Miller, Tyson, and Watson, who share profits and losses in the ratio of 6:2:2, respectively: For how much money must the other assets...
-
Multiple Choice Questions The following questions deal with review of subsequent events. Choose the best response. a. Subsequent events for reporting purposes are defined as events that occur...
-
On August 1, Paul Holdings buys 1,000 ordinary shares of Merlynn for 35,700. On December 1, Paul sells the share investments for 40,000 in cash. Journalize the purchase and sale of the ordinary...
-
The balance sheet of Morrisey Management Consulting, Inc., at December 31, 2007, reported the following stockholders' equity: During 2008, Morrisey completed the following selected transactions:...
-
On May 10, Tharp Corporation issues 2,500 shares of $5 par value common stock for cash at $13 per share. Journalize the issuance of the stock.
-
Sports and other outdoor activities. In February 2020, Statistics Norway conducted a survey on sports and outdoor activities like hiking, fishing, jogging, and yoga (https://www. ssb.no/en/fritid/)....
-
This Mini Practice Set will help you review all the key concepts of the account- ing cycle for a merchandising company along with the integration of payroll. Betty Loeb took over the business now...
-
A submerged stratum of clay has a thickness of 15m. The average water content of samples taken from the stratum is 54%, and the specific gravity of the solid constituents is 2.78. What is the...
-
Why is pricing so important in digital platforms and marketplaces?
-
What are currently the most widely used approaches for price setting in the SaaS industry?
-
How are you modeling your monetization, which is shifting from users to usage, in this new world?
-
Why are most SaaS companies not leveraging the full power pricing and packaging science?
-
In which respect are pricing models currently changing in the SaaS industry? Please briefly characterize different pricing models.
-
Water is flowing in a 1 km long, stainless steel pipe of diameter 20 cm. If the head loss in the pipe is 8m, determine the flow rate through the pipe. Use Haaland equation to find corrected f. At...
-
Don Griffin worked as an accountant at a local accounting firm for five years after graduating from university. Recently, he opened his own accounting practice, which he operates as a corporation....
-
Rob Johnson is a product manager for Diamond Chemical. The firm is considering whether to launch a new product line that will require building a new facility. The technology required to produce the...
-
Make a Splash T-Shirts is planning to print and sell specially designed tee shirts for the upcoming World Series. The shirts will cost $12 each to produce and can be sold for 30 each until the World...
-
The military has requested a new ready-to-eat meal (MRE) that will provide to troops in the field a very high-protein, low-carbohydrate instant canned breakfast. The can will contain 11 fluid ounces,...
-
Prove that (a) \(\left(\frac{\partial C_{P}}{\partial P} ight)_{T}=-T\left(\frac{\partial^{2} V}{\partial T^{2}} ight)_{P}\) (b) \(\left(\frac{\partial C_{V}}{\partial V}...
-
A gas obeys the equation of state \(V=\frac{R T}{P}-\frac{C}{T^{2}}+\frac{D}{T^{3}}\). Find out the variation \(C_{P}\) at constant temperature.
-
Deduce two \(T d S\) equations and mention why \(T d S\) equations are so useful.
Study smarter with the SolutionInn App