The Optimal Linear Programming Solution to the Kings Department Store

Essay

The optimal linear programming solution to the Kings Department Store problem in problem 1 is 131.58 bracelets and 57.89 necklaces.
A.Characterize the (i) rounded off solution; and (ii) the rounded down solution.
B.The shadow price associated with emeralds in the linear programming solution is $13.16, and the upper limit of the range of feasibility for emeralds is 1066.67.A gem buyer at Kings reasoned that since the purchase of emeralds is an included cost, he should be willing to pay up to $13.16 above Kings' current cost for emeralds.When he found a seller who would sell him 100 additional emeralds at $13.00 over the original cost, he purchased them, figuring it would add 100($13.16 - $13.00) = $16 to company profits.He said, "Hey, $16 is $16." Why might he be looking for another job?