i. Write down in terms of x and y the inequalities that represent these constraints. ii. If the objective function is Z = 0.12x + 0.15y, determine the optimal solution to this problem (show the movement of the isocost line). iii. Identify the binding and non-binding constraints.

i. Write down in terms of x and y the inequalities that represent these constraints. ii. If the objective function is Z = 0.12x + 0.15y, determine the optimal solution to this problem (show the movement of the isocost line). iii. Identify the binding and non-binding constraints.

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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b) The figure below presents an unbounded feasible region of a five constrained LP problem.
10-
|(0, 6)
6.
(1, 4)
4
(3, 2)
2+
(9, 0)
8 10
i. Write down in terms of x and y the inequalities that represent these constraints.
ii. If the objective function is Z = 0.12x + 0.15y, determine the optimal solution to this
problem (show the movement of the isocost line).
ii.
Identify the binding and non-binding constraints.

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