Essay
LINDO output is given for the following linear programming problem.
MIN 12 X1 + 10 X2 + 9 X3
SUBJECT TO
2)5 X1 + 8 X2 + 5 X3 >= 60
3)8 X1 + 10 X2 + 5 X3 >= 80
END
LP OPTIMUM FOUND AT STEP 1
OBJECTIVE FUNCTION VALUE
1)80.000000
NO.ITERATIONS= 1
RANGES IN WHICH THE BASIS IS UNCHANGED:
a.What is the solution to the problem?
b.Which constraints are binding?
c.Interpret the reduced cost for x1.
d.Interpret the dual price for constraint 2.
e.What would happen if the cost of x1 dropped to 10 and the cost of x2 increased to 12?
Correct Answer:

Verified
a.x1 = 0,x2 = 8,x3 = 0,s1 = 4,s2 = 0,z = 80
b...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
b...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q6: The amount by which an objective function
Q8: An objective function reflects the relevant cost
Q9: If the range of feasibility for b<sub>1</sub>
Q16: The range of feasibility measures<br>A)the right-hand side
Q20: The reduced cost for a positive decision
Q21: Eight of the entries have been deleted
Q27: Sensitivity analysis information in computer output is
Q32: The amount by which an objective function
Q40: The dual price associated with a constraint
Q45: The 100 percent rule can be applied