Answer Part C please Maximize contribution =4X₁ + 4x2 +7X31X₁ +7X2+4X3 ≤ 802X1 + 1X2 +7X3 ≤ 848X1 +4X2 + 1X3 ≤ 80(C₁ hours on machine 1)(C2: hours on machine 2)(C3: hours on machine 3)X1, X2, X3 20Using a computer software for solving LP, the optimal solution achieved is:X₁= 6.25 (round your response to two decimal places).= 5.11 (round your response to two decimal places).X3 = 9.48 (round your response to two decimal places).ontribution (objective value) = 111.86 (round your response to two decimal places).O Machine 1 has 0 hours of unused time available at the optimal solution (round your response to two decimal places).lachine 2 has 0 hours of unused time available at the optimal solution (round your response to two decimal places).lachine 3 has 0 hours of unused time available at the optimal solution (round your response to two decimal places). Machine 3 has 0 hours of unused time available at the optimal solution (round your response to two decimal places).c) An additional hour of time available for third machine, is worth dollars to the firm (round your response to two decimal places).

Lagrange multiplier values are one which shows the amount of change in objective function by…

Answered: Maximize contribution = 4X₁ + 4x2 +7X3…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter11: Simulation Models

Section: Chapter Questions

Problem 68P

See similar textbooks

Similar questions

LPP Model Maximize P = 12x + 10y Subject to : 4x + 3y < 480 2x + 3y < 360 X, y 2 0 Which of the following points (x, y) is feasible? A) ( 120, 10) B ( 30, 100 ) c) ( 60, 90 ) D) ( 10, 120 )
Both answer must required with refrences okk
a. Which of the following best describes the meaning of the equation P(25) = 200? 1. When 200 calculators are sold, the profit is $25. II. When 200 calculators are sold, the profit is increasing at a rate of $25 per additional calculator III. When 25 calculators are sold, the profit is $200. IV. When 25 calculators are sold, the profit is increasing at a rate of $200 per additional calculato
Problem 16-15 (Algorithmic) Strassel Investors buys real estate, develops it, and resells it for a profit. A new property is available, and Bud Strassel, the president and owner of Strassel Investors, believes if he purchases and develops this property it can then be sold for $160,000. The current property owner has asked for bids and stated that the property will be sold for the highest bid in excess of $100,000. Two competitors will be submitting bids for the property. Strassel does not know what the competitors will bid, but he assumes for planning purposes that the amount bid by each competitor will be uniformly distributed between $100,000 and $150,000. Develop a worksheet that can be used to simulate the bids made by the two competitors. Strassel is considering a bid of $130,000 for the property. Using a simulation of 1000 trials, what is the estimate of the probability Strassel will be able to obtain the property using a bid of $130,000? Round your answer to 1 decimal place.…
Maximize p = 7x + 6y + 3z subject to x + y + z ≤ 150 x + y + z ≥ 100 x ≥ 0, y ≥ 0, z ≥ 0. p= (x, y, z)=
Consider the following Pareto maximization problem with decision variables x and y: vmax (x2 + x, - 2y) s.t. 0< x< 10 0< y< 5. What is the unique efficient point for this problem? (0,0) (10,5) (10,0) (110,0)
Next question Use the simplex method to solve the linear programming prob z= 8x1 - 7x2 + 4x3 2x1 Maximize X2 + 8x3 s 40 4x1 - 5x2 + 6x3576 2x1 - 2x2 + 6x3< 32 X120, X2 20, хз 20. subject to Select the correct choice below and, if necessary, fill in the answer boxes to complete your choice. A. The maximum is , X2 =, X3 = S2 = and s3 when X1 S1 = B. There is no maximum.
What combination of x and y will yield the optimum for this problem? Maximize Z = $3x + $15y Subject to: Multiple Choice x= 0, y=4 x= 0, y=3 x= 0, y=0 x= 2y=0 O x=1,y=25 2x + 4y ≤ 12 5x + 2y ≤ 10
Solve the following problem with Excel Solver: (Leave no cells blank be certain to enter "0" wherever required. Do not round intermediate calculations. Round your answers to 2 decimal places.) Maximize Z= 3X+17Y 3X+8Ys 74 3X+11Y ≤ 78 Y s 35 Decision for X Decision for Y Total profit Resource A Resource B Resource C Resources Used Resource A Resource B Resource C
Consider the following LP problem: Min 6X+ 27Y Subject to : 2 X + 9Y => 25, and X + Y <= 75. Pick a suitable statement for this problem: a. X=37.5, Y=37.5 is the only optimal solution. b. Optimal Obj. function value is 75 c. X = 0, Y = 0 is the only optimal solution. d. Optimal Obj. function value is 0
Let’s consider the following LP problem: min Subject to: Solve the problem with the graphic method.
Maximize Profit=123 L + 136 S 17 L+11 S≤ 3000 6 L+9 S≤2500 L20 and S20 (Availability of component A) (Availability of component B) Show Transcribed Text Implement the linear optimization model and find an optimal solution. Interpret the optimal solution. The optimal solution is to produce LaserStop models and SpeedBuster models. This solution gives the possible profit, which is $. (Type integers or decimals rounded to two decimal places as needed.)

SEE MORE QUESTIONS

Recommended textbooks for you

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

SEE MORE TEXTBOOKS