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
bartleby

Concept explainers

Question
Book Icon
Chapter 2, Problem 1QP
Summary Introduction

To explain: If an LP model can have exactly two optimal solutions.

Expert Solution & Answer
Check Mark

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.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
Describe the difference between a strategic plan and an operational plan.
Compare and contrast each of the mission statements against what makes a good 'mission statement' TARGET  To help all families discover the joy of everyday life.   That’s our purpose. Our mission. The promise of surprises, fun, ease and inspiration at every turn, no matter when, where or how you shop.   That quest to bring joy is at the center of every business decision we make. It gets our teams excited to come to work each day. And we bring it to life in so many ways.   Come on in and take a look around. ALBERsons   At Albertsons Companies, we are committed to running a business that makes a positive difference in our communities and planet. Our Recipe for Change is our bold vision for the future that leans into our company’s strengths and long-term strategies to drive change.   CHIPOTLE    Chipotle was born of the radical belief that there is a connection between how food is raised and prepared, and how it tastes. Real is better. Better for You, Better for People, Better for Our…
How can managers/leaders of today encourage employee participation in the decision-making process?
Knowledge Booster
Background pattern image
Management
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,