In: Operations Management
The objective function value in the following LP is 45 and 5x+2y<=40 is a binding constraint (meaning 5x+2y=40 for the optimal values of x and y).
MAX 5x+3y
st
5x+2y<=40
3x+6y<=48
x<=7
2x-y>=3
x>=0 and y>=0
is:
A. True
B. False
Answer: True
We solve the given LPP in Excel using Excel Solver as shown below:
The above solution in the form of formulas along with Excel Solver extract is shown below for better understanding and reference:
As seen from the above solution,
objective value = 45
For constraint 1, Left-hand side = right-hand side. Hence, this constraint is binding
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