How much should the price of product 2 be increasedto make it profitable to produce? How much of product 2 shouldbe produced in the new optimal plan? 2. Consider a resource allocation (product mix) problem with the follow-ing optimal tableau:13 S1S2S3S1-212-810-212-5811.25-0.5 1.521010 6001

Answered: Image /qna-images/answer/cc2d88a7-6517-4dc1-9a00-022fb3b6cbe8.jpg

Answered: How much should the price of product 2…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

See similar textbooks

Similar questions

How do you determine if an LP problem has alternative optimal solution
5) A factory owner has 100 employees that produce 6000 computers per day. For each additional employee that the owner highers, the average production per employee decreases by 8 computers. How many employees should the owner have in order to maximize production?
Suppose that the consumer has available income equal to Y, and the price of the goods is respectively p1 and p2. i. Derive the expressions of the quantities that maximise the utility of the consumer under the budget constraint. ii. Provide a diagram of the optimal solution.
Jester's Deli sells 640 sandwiches at a price of $8 each. A market survey shows that for every $0.10 reduction in price, 40 more sandwiches will be sold. Let x represent the number of $0.10 reductions.
6. The start up are running business and want to minimize equipment expenses. For a particular piece of equipment, the costs can be broken into initial outlays to buy the equipment, fixed annual expenses to keep the equipment in the inventory, and repair costs which we anticipate rising as the equipment gets older. A widget press costs 10,000B to buy, and the operating expenses are 500 per year, and the total repair costs are 300t² over the first t years. What is the optimal length of time to use a widget press before replacing it? You should shown your answer algebraically and graphically.
Q2. Pharmaceutical company producing a single product sold it through five agencies situated in different cities. All of sudden there rouse a demand for the product in another five cities that didn't agency of the company. The company is now facing the problem of deciding on how to assign the existing agencies in order to dispatch the product to needy cities in such a way that the travelling distance is minimized. The distance between the surplus and deficit cities in kilometer is given the following table. Surplus city Deficit cities Deficit cites a b d. e A1 160 130 115 190 200 B1 135 120 130 160 175 C1 140 110 125 170 185 D1 50 50 80 80 110 E1 55 35 80 80 105 Determine the optimum assignment schedule.
5. A small business enterprise makes dresses and trousers. To make a dress, it requires ½ hour of cutting and 20 minutes of stitching. To make a trouser, it requires 15 minutes of cutting and hour of stitching. The profit on a dress is N$40 and on a pair of trousers N$50. The business operates for a maximum of 8 hours per day Determine how many dresses and trousers should be made to maximize profit and what the maximum profit is. O A The maximum profit is N$800, 10 dresses and 8 trousers OB The maximum profit is N$850, 12 dresses and 6 trousers OC The maximum profit is N$860, 12 dresses and 6 trousers OD The maximum profit is N$880, 12 dresses and 8 trousers

Recommended textbooks for you

Advanced Engineering Mathematics

Advanced Math

ISBN:

9780470458365

Author:

Erwin Kreyszig

Publisher:

Wiley, John & Sons, Incorporated

Numerical Methods for Engineers

Advanced Math

ISBN:

9780073397924

Author:

Steven C. Chapra Dr., Raymond P. Canale

Publisher:

McGraw-Hill Education

Introductory Mathematics for Engineering Applicat…

Advanced Math

ISBN:

9781118141809

Author:

Nathan Klingbeil

Publisher:

WILEY

Advanced Engineering Mathematics

Advanced Math

ISBN:

9780470458365

Author:

Erwin Kreyszig

Publisher:

Wiley, John & Sons, Incorporated

Numerical Methods for Engineers

Advanced Math

ISBN:

9780073397924

Author:

Steven C. Chapra Dr., Raymond P. Canale

Publisher:

McGraw-Hill Education

Introductory Mathematics for Engineering Applicat…

Advanced Math

ISBN:

9781118141809

Author:

Nathan Klingbeil

Publisher:

WILEY

Mathematics For Machine Technology

Advanced Math

ISBN:

9781337798310

Author:

Peterson, John.

Publisher:

Cengage Learning,

Basic Technical Mathematics

Advanced Math

ISBN:

9780134437705

Author:

Washington

Publisher:

PEARSON

Topology

Advanced Math

ISBN:

9780134689517

Author:

Munkres, James R.

Publisher:

Pearson,

SEE MORE TEXTBOOKS

How much should the price of product 2 be increased to make it profitable to produce? How much of product 2 should be produced in the new optimal plan?