Solved

The Binding Constraints for This Problem Are the First and Second

Question 14

Essay

The binding constraints for this problem are the first and second.
Min
x1 + 2x2
s.t.
x1 + x2 \ge 300
2x1 + x2 \ge 400
2x1 + 5x2 \le 750
x1 , x2 \ge 0
a.Keeping c2 fixed at 2, over what range can c1 vary before there is a change in the optimal solution point?
b.Keeping c1 fixed at 1, over what range can c2 vary before there is a change in the optimal solution point?
c.If the objective function becomes Min 1.5x1 + 2x2, what will be the optimal values of x1, x2, and the objective function?
d.If the objective function becomes Min 7x1 + 6x2, what constraints will be binding?
e.Find the dual price for each constraint in the original problem.

Correct Answer:

verifed

Verified

a..8 blured image c1 blured image 2
b.1 blured image c2 blured image2.5
c.x1 = 25...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions