Question: The LP problem whose output follows determines how many necklaces, bracelets, rings, and earrings a jewelry store should stock. The objective function measures profit; it

The LP problem whose output follows determines how many necklaces, bracelets, rings, and earrings a jewelry store should stock. The objective function measures profit; it is assumed that every piece stocked will be sold. Constraints measure display space in units, time to set up the display in minutes and two marketing restrictions.

MAX 100N+120B+150R+125E

N+2B+2R+2E <108 Space 3N+5B+ E <120 Time

N+ R <25 market restriction 1 b+r+ e>50 Market Restriction 2

OPTIMAL SOLUTION

Objective Function Value = 7475.000

Variable Value Reduced Costs

?????????? ??????????? -?????????????????

X1 8.000 0.000

X2 0.000 5.000

X3 17.000 0.000

X4 33.000 0.000

Constraint Slack/Surplus Dual Prices

????????????? -???????????-??? ??????????????

1 0.000 75.000

2 63.000 0.000

3 0.000 25.000

4 0.000 ?25.000

OBJECTIVE COEFFICIENT RANGES

Variable Lower Limit Current Value Upper Limit

?????????? ??????????????? ???--???????????? ???????????????

X1 87.500 100.000 No Upper Limit

X2 No Lower Limit 120.000 125.000

X3 125.000 150.000 162.500

X4 120.000 125.000 150.000

RIGHT HAND SIDE RANGES

Constraint Lower Limit Current Value Upper Limit

???????????? ??????????????? ??--????????????? ???????????????

1 100.000 108.000 123.750

2 57.000 120.000 No Upper Limit

3 8.000 25.000 58.000

4 41.500 50.000 54.000

Use the output to solve and answer the following question. By how much will marketing restriction 1 be exceeded?

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!