Spreadsheet Modeling and Decision Analysis: A Practical Introduction to Business Analytics
Spreadsheet Modeling and Decision Analysis: A Practical Introduction to Business Analytics
7th Edition
ISBN: 9781285418681
Author: Cliff Ragsdale
Publisher: Cengage Learning
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Chapter 2, Problem 1QP
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To explain: If an LP model can have exactly two optimal solutions.

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Explanation of Solution

It is not possible for an LP model to have exactly two optimal solutions. A normal LP model can have either a single optimal solution or more than 1 optimal solution. But it is not possible to have exactly two solutions.

LP model will have 1 optimal solution when the final level curve intersecting the region at a single point in the feasible region. But, when the final level curve intersects with edges of a feasible region, there will be more than 1 point in the feasible region. Therefore, it will have more than 1 optimal solution.

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