example 5a Consider the following LP problem developed at Zafar Malik's Carbondale, Illinois, optical scanning firm:Z= 1X₁ + 1X₂MaximizeSubject to:2X₁ + 1X₂ ≤601X₁ + 2X₂ ≤60X₁, X₂ 20(C₁)(C₂)The optimum solution is:X₁ = (round your response to two decimal places).

Answered: Consider the following LP problem…

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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Question

example 5a

Consider the following LP problem developed at Zafar Malik's Carbondale, Illinois, optical scanning firm:
Z= 1X₁ + 1X₂
Maximize
Subject to:
2X₁ + 1X₂ ≤60
1X₁ + 2X₂ ≤60
X₁, X₂ 20
(C₁)
(C₂)
The optimum solution is:
X₁ = (round your response to two decimal places).

Expert Solution

INTRODUCTION

In order to find the optimal answer to a mathematical model, a procedure known as linear programming or linear optimization considers certain linear connections. As LPP, it is also referred to. It involves issues with optimizing earnings, cutting expenditures, using resources sparingly, etc. These issues can be resolved graphically or using the simplex approach.

NOTE: AS NO PARTICULAR METHOD IS MENTIONED, I HAVE ANSWERED IN THE GRAPHICAL METHOD.