Consider the following problemMaximize Z= 90x₁ + 70x2,subject to2x₁ + x₂ ≤ 2X1 X₂ ≥ 2andX₁ ≥ 0, X₂ ≥ 0.Use the Big M method, work through the simplex method step by step to demonstrate that theproblem has no feasible solutions.

Linear programming is a mathematical technique that is also used in operations management…

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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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Read and answer questions about the following virtual case. ABC FOOD COMPANY The ABC Food Company is a food industry company that produces frozen meat, and Mortadella. It has a staff of 360 employees. The company is located about 20 km from Salalah. About 35% of the employees are women. The company consists mainly of four sections: production, Marketing, HR, and finance. There is one manager for each department. Mr. Mohamed Al-Ahmad is the director of the production and development department. He is the oldest employee of the company. He was hired because of his experience in the field of food production. He holds a certificate from the Mediterranean Institute for Food Industries. He worked as a quality controller in a large company outside Oman for 20 years, His colleagues consider him an efficient and moderate engineer. He spends much of his time over the past month developing a long-term plan to develop an effective decision-making model for future spending on equipment and…
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Explain the term “Constrained Optimization” as Thaler used in the first chapter of Misbehaving.
Using Goal Seek for the following problem, how much is needed for John to deposit each year into an account to save $5,000 for his new Specialized Mountain bike. Assumes both deposit and withdrawal are at beg of each year Deposit = Interest= Yr 0 Yr 1 Yr 2 Beg Balance $0.00 $0.00 $0.00 Deposit $0.00 $0.00 -$5,000.00 Interest Earned 8% $0.00 $0.00 na End Balance $0.00 $0.00 -$5,000.00

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Jse the Big M method, work through the simplex method step by step to demonstrate that the problem has no feasible solutions.