Question: The first constraint in the High Note example in this chapter is 2X1 + 4X2 80 (hours of electrician time available) Table M7.17 gives

The first constraint in the High Note example in this chapter is 2X1 + 4X2 ≤ 80 (hours of electrician time available) Table M7.17 gives the final simplex tableau for this example on page M7-34. From the tableau, it was determined that the maximum increase in electrician hours was 160 (for a total of 240 hours).
(a) Change the right-hand side of that constraint to 240 and graph the new feasible region.
(b) Find the new optimal corner point. How much did the profit increase as a result of this?
(c) What is the shadow price?
(d) Increase the electrician hours available by one unit more (to 241) and find the optimal solution. How much did the profit increase as a result of this one extra hour? Explain why the shadow price from the simplex tableau is no longer relevant.

Step by Step Solution

★★★★★

3.23 Rating (161 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a b The new optimal corner point is 0 60 and the profit is 7200 c The shadow price increase ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

162-M-S-L-P (123).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!

The WWM Corporation is a trucking company that moves household goods long distance. It is thinking of replacing part of its current fleet of trucks. These are currently all Fords. The firm has...

ANutse is providing instruction to a client that follows a vegen diet, the nurse should instruct the vlient thst ehich ofvthr following foods is s reliable source of vitamin B12? A) yogurt. b) rice ....

of the 85 caught balls, it was determined that 34 were barehanded catches,49 were caught with a glove , and two were caught with a hat Whaat is the p

Here is the new homework question. Please review the General Homework instructions due to the instructor being so strict. Were there any podcasts or Homework document notes that you needed me to...

econ234p3 Bernie Smith is a network security analyst at ZNA bank, earning $120,000 per annum, plus super. He is 48 years old and married to Deena, 42 years old. Deena is a self-employed dentist and...

MATHEMATICS FOR MACHINE LEARNING Marc Peter Deisenroth A. Aldo Faisal Cheng Soon Ong Contents Foreword 1 Part I Mathematical Foundations 9 1 Introduction and Motivation 11 1.1 Finding Words for...

his in thee happen Grope 211 (The Reddy Milks Company) Naka Midas produive both posterior and exterior paints from two raw materials, Aft the Filming table provides the basic date of the problem The...

6 | Consumer Choices Figure 6.1 Investment Choices Higher education is generally viewed as a good investment, if one can afford it, regardless of the state of the economy. (Credit: modification of...

My tutor that I Have been using for the past 5 weeks bailed on me with an assignment due tomorrow by 9PM Central USA time. There is 3 weeks left in this course. I am looking for someone that is...

The most recent purchase price becomes the default for the next invoice when Select one: a. the inventory is over stocked b. a sale causes the inventory level to drop below zero c. a new price has...

Complete a Sales Budget for the Bobcat Beverage Company using the following information and show what formulas used: Budget Data: Beginning Balance Sheet: Sales Forcast for Sep to Nov 2019: Policies...

You expect to have $ 1 , 5 0 0 , 8 6 1 in 5 1 quarters. You plan to make regular savings contributions of $ 9 , 2 2 0 per quarter for 5 1 quarters and you currently have $ 1 2 , 0 0 0 . The first...

Under FASB Statement of Financial Accounting Concepts 5, which of the following items would cause earnings to differ from comprehensive income for an enterprise in an industry not having specialized...

= (e) Which of the four models is better for predicting the number of victories?

= (f) Find the best multiple regression model to predict the number of wins. Use any combination of the variables to find the best model.

=4-32 The closing stock price for each of two stocks was recorded over a 12-month period. The closing price for the Dow Jones Industrial Average (DJIA) was also recorded over this same time period....

The present value (at t=0 ) of the following cash flow stream is $6000 when discounted at 11% annually. That stream consists of payments made at the end of each of four periods. One of the payments,...

2. The BIG Corporation issued 12-year bonds on 10 Feb 2010. Each of these bonds has a face value of $10,000 and they are currently trading at a yield of 11.50% per annum. The bonds pay quarterly...

Problem 10-14 NPV Break-Even Analysis (LO3) 20 points Modern Artifacts can produce keepsakes that will be sold for $70 each. Nondepreciation fixed costs are $2,000 per year, and variable costs are...