A: Find the solution to the following linear programming problem using thesimplex methodMax (Z)=50x1+60x2Subjected to:2x1+x2 < 3003x1+4x2 ≤ 5094x1+7x2 ≤ 812x1,x220

find the solution to the following linear programming problem using the simplex method max…

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Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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An investor has $621,000 to invest in bonds. Bond A yields an average of 8% and the bond B yields 7%. The investor requires that at least 5 times as much money be invested in bond A as in bond B. You must invest in these bonds to maximize his return. This can be set up as a linear programming problem. Introduce the decision variables: x= dollars invested in bond Ay= dollars invested in bond B Compute x+y. $ . Round to the nearest cent. Investor Matt has $152,000 to invest in bonds. Bond A yields an average of 9.2% and the bond B yields 8.4%. Matt requires that at least 4 times as much money be invested in bond A as in bond B. You must invest in these bonds to maximize his return. What is the maximum return? $ per year. Round to the nearest cent. Investor Dan has $607,000 to invest in bonds. Bond A yields an average of 8.5% and the bond B yields 8.4%. Dan requires that at least 4 times as much money be invested in bond A as in…
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A: Find the solution to the following linear programming problem using the simplex method Max (Z)=50x1+60x2 Subjected to: 2x1+x2 ≤ 300 3x1+4x2 ≤ 509 4x1+7x2 ≤ 812 x1,x220