a) Using the point drawing tool, plot all the corner points for the feasible area. The optimum solution is: X₁ = 20 (round your response to two decimal places). X₂= 20 (round your response to two decimal places). Optimal solution value Z = 40 (round your response to two decimal places). b) If a technical breakthrough occurred that raised the profit per unit of X₁ to $3, due to this change, the optimal solution changes As a result of the technical breakthrough, the optimum solution is: X₁ = 30 (round your response to two decimal places). X₂ = 0 (round your response to two decimal places). Optimal solution value Z= 90 (round your response to two decimal places). c) If the impact of technical breakthrough was incorrectly determined and instead of X, profit coefficient increasing to $3 it only increases to $1.25. As a result of this correction, the optimal solution found originally stays the same (...)

a) Using the point drawing tool, plot all the corner points for the feasible area. The optimum solution is: X₁ = 20 (round your response to two decimal places). X₂= 20 (round your response to two decimal places). Optimal solution value Z = 40 (round your response to two decimal places). b) If a technical breakthrough occurred that raised the profit per unit of X₁ to $3, due to this change, the optimal solution changes As a result of the technical breakthrough, the optimum solution is: X₁ = 30 (round your response to two decimal places). X₂ = 0 (round your response to two decimal places). Optimal solution value Z= 90 (round your response to two decimal places). c) If the impact of technical breakthrough was incorrectly determined and instead of X, profit coefficient increasing to $3 it only increases to $1.25. As a result of this correction, the optimal solution found originally stays the same (...)

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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