QUESTION 12The following is a L.P.P:Max Z= 5X1 + 7X2 + 6X3 (Hundreds of dollars $)s.t:X1 + 4X2 + 2X3 <= 602X1 + 2X2 + 3X3 <= 40X1 + 2X2 + 2X3 <= 30X1,X2,X3>=0(production capacity; hours) (warehouse capacity; hundreds of sq. ft.) (demand for 6 oz. glasses; hundreds of cases)The optimal solution to the model as follows:BasisСв5X17X26X30.5S1S2S3RHSX27-0.5110S1-11-310X111-11078.51.5120C-z-2.5-1.5-2What effect on the optimal solution (value of Z) ,if we change the profit of X3 from 6 to $3.8 ?Click Save and Submit to save and submit. Click Save All Answers to save all answers.hp

Since X3 is not one of the basis variable in the solution, changing the coefficient from 6 to 3.8…

Answered: What effect on the optimal solution…

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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Sachs Brands's defined benefit pension plan specifies annual retirement benefits equal to 1.5% × service years × final year's salary, payable at the end of each year. Angela Davenport was hired by Sachs at the beginning of 2007 and is expected to retire at the end of 2041 after 35 years' service. Her retirement is expected to span 18 years. Davenport's salary is $83,000 at the end of 2021 and the company's actuary projects her salary to be $245,000 at retirement. The actuary's discount rate is 9%. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) At the beginning of 2022, the pension formula was amended to: 1.60% × Service years × Final year's salary The amendment was made retroactive to apply the increased benefits to prior service years. Required: 1. What is the company's prior service cost at the beginning of 2022 with respect to Davenport after the amendment described above?2. Since the amendment occurred at…
Q2 The lower daily needs for workers in a manufacturing organization provided in the below table, each worker works for eight hours, the management needs to determine the lower number of workers to maintain the flow and stability of the work in each shaft. Formulate LP model for this problem and suggest (only suggestion) a method to find the optimal solution Shaft
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Cheryl Druehl Retailers, Inc., must decide whether to build a small or a large facility at a new location in Fairfax. Demand at the location will either be low or high, with probabilities 0.6 and 0.4, respectively. If Cheryl builds a small facility and demand proves to be high, she then has the option of expanding the facility. If a small facility is built and demand proves to be high, and then the retailer expands the facility, the payoff is $290,000. If a small facility is built and demand proves to be high, but Cheryl then decides not to expand the facility, the payoff is $253,000. If a small facility is built and demand proves to be low, then there is no option to expand and the payoff is $220,000. If a large facility is built and demand proves to be low, Cheryl then has the option of stimulating demand through local advertising. If she does not exercise this option, then the payoff is $35,000. If she does exercise the advertising option, then the response to advertising will…
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