10. (20 points)
Below is the computer solution to a linear programming problem linear programming:
Note: The Reduced Cost is often referred to as the Coefficient Sensitivity.
For the above information, answer the following questions. Provide your answers based on the above information and explain your answers in terms of this information.
a) Write the objective function in equation form and write the constraints as equalities or inequalities.
b) What are the values of the variables at optimality and what is the value of the objective function at optimality?
c) If there was an opportunity to purchase additional units of each resource (as expressed by the constraints), based on the sensitivity analysis which resource(s) would you consider for purchase? Why? Identify all of the resources that you would consider. If you did not consider a resource for purchase, why did you exclude it? Remember that Constraint 1 is equivalent to Resource 1, Constraint 2 is Resource 2, and Constraint 3 is Resource 3.
d) Suppose the contribution of variable X2 in the objective function increases by 10. What are the values of the variables at optimality now and what is the value of the objective function at optimality with this change? Use the above sensitivity analysis in answering this question and provide the sensitivity analysis information you used.
Pay using PayPal (No PayPal account Required) or your credit card . All your purchases are securely protected by .
About this QuestionSTATUS
Sep 21, 2019EXPERT
We have top-notch tutors who can do your essay/homework for you at a reasonable cost and then you can simply use that essay as a template to build your own arguments.
You can also use these solutions:
- As a reference for in-depth understanding of the subject.
- As a source of ideas / reasoning for your own research (if properly referenced)
- For editing and paraphrasing (check your institution's definition of plagiarism and recommended paraphrase).
STUCK WITH YOUR PAPER?
Order New Solution. Quick Turnaround
Click on the button below in order to Order for a New, Original and High-Quality Essay Solutions. New orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.
WE GUARANTEE, THAT YOUR PAPER WILL BE WRITTEN FROM SCRATCH AND WITHIN A DEADLINE.