Graphically solve the following problem. You need not show methe graph. However, you would need to draw one to solve the problemcorrectly. You would need to indicate all the corner pointsclearly. Solve mathematically to identify the intersectionpoints.
Maximize profit = 8 x1 + 5x2
Subject to
x1 + x2 <=10
x1 <= 6
x1, x2 >= 0
a. What is the optimal solution?
(You may utilize QM for Windows to answer b tod)
b. Change the right-hand side of constraint 1 to 11 (instead of 10)and resolve the problem. How much did the profit increase as aresult of this?
c. Change the right-hand side of constraint 1 to 6 (instead of 10)and resolve the problem. How much did the profit decrease as aresult? Looking at the graph, what would happen if theright-hand-side value were to go below 6?
d. Change the right-hand side of constraint 1 to 5 (instead of10) and resolve the problem. How much did the profit decrease fromthe original amojnt as a result of this?
e. Examine the following output from QM. What is the dual price ofconstraint 1? What is the lower bound on this?
Linear Programming Results | | | Part e | | | |
| X1 | X2 | | RHS | Dual | |
Maximize | 8 | 5 | | | | |
const 1
| 1 | 1 | <= | 10 | 5 | |
const 2 | 1 | 0 | <= | 6 | 3 | |
Solution | 6 | 4 | | 68 | | |
| | | | | | |
Ranging
Variable | Value | Reduced | Original Value | Lower Bound | Upper Bound | |
X1 | 6 | 0 | 8 | 5 | Infinity | |
X2 | 4 | 0 | 5 | 0 | 8 | |
| Dual Value | Slack/Surplus | Original Value | Lower Bound | Upper Bound | |
Constraint 1 | 5 | 0 | 10 | 6 | Infinity | |
Constraint 2 | 3 | 0 | 6 | 0 | 10 | |
| | | | | | |
f. What conclusions can you draw from this regarding bounds of theright-hand-side values and the dual price?