2a See pic to solve Set up and solve the following simple linear optimization model:MAX: 23.0 x + 16.9 ysubject to:3x + 4y > 204x> 105x + 1y < 71X,y > 0What is the value of the objective function at the optimal solution? Round youranswer to one decimal place.Your Answer:

Given that - MAX: 23.0x + 16.9y Subject to 3x + 4y ≥ 20 4x ≥ 10 5x + 1y ≤ 71 xy ≥ 0

Set up and solve the following simple linear optimization model: MAX: 23.0 x + 16.9 y subject to: 3x + 4y 2 20 4x > 10 5x + 1y < 71 x,y 2 0 What is the value of the objective function at the optimal solution? Round your answer to one decimal place. Your Answer:

Set up and solve the following simple linear optimization model: MAX: 23.0 x + 16.9 y subject to: 3x + 4y 2 20 4x > 10 5x + 1y < 71 x,y 2 0 What is the value of the objective function at the optimal solution? Round your answer to one decimal place. Your Answer:

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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Concept explainers

Breakeven Analysis

Break Even Analysis is a term used in business, cost accounting and economics. It refers to a point where the total cost incurred becomes equal to the total revenue earned. Break Even Analysis determines the number of units to be sold to earn the revenue required to cover the total costs. Total cost is a sum total of fixed and variable costs.

Process analysis

The term process analysis can be defined as breakdown of production process into different phases that converts inputs into output. A series of routine activities are incorporated using organizational resources with a view to achieve operational excellence.

Question

2a See pic to solve

Set up and solve the following simple linear optimization model:
MAX: 23.0 x + 16.9 y
subject to:
3x + 4y > 20
4x
> 10
5x + 1y < 71
X,y > 0
What is the value of the objective function at the optimal solution? Round your
answer to one decimal place.
Your Answer:

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