Question

In: Statistics and Probability

Solve the following linear program graphically. (Graph constraints & locate the optimal point. You may use...

Solve the following linear program graphically. (Graph constraints & locate the optimal point. You may use the solver to determine the optimal point. If do show complete work.

b) Determine the optimal point coordinates.

c) Computer the optimal value.

d) Compute the allowable increase and decrease for each of the objective function coefficients.

e) Compute the shadow prices for each of the constraints.

Min

4x + 2y

s.t.

2x + y >= 14

x + 2y  >= 12

  x +   y >= 9

      x, y >= 0

Solutions

Expert Solution

b)  Optimal points co-ordinates are A=(0,14), B=(5,4), C=(6,3), D=(12,0)

c) Optimal value is 28.

C

orchestra answered 1 year ago
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