OPERATIONS RESEARCH >INTERNATIONAL EDITI
OPERATIONS RESEARCH >INTERNATIONAL EDITI
4th Edition
ISBN: 9780534423629
Author: WINSTON
Publisher: CENGAGE L
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Chapter 5.2, Problem 6P

a.

Explanation of Solution

Profit

  • The new optimum solution value is calculated by the given formula:

    New value = Old value – (Key column value × Key row value) / Key value

  • The key row value can be calculated by the given formula:

b.

Explanation of Solution

Smallest price

  • Reduced cost or opportunity cost is the amount by which an objective function coefficient is improved thereby increasing the maximization problem and decreasing the minimization problem...

c.

Explanation of Solution

Optimum solution

  • The new optimum solution value is calculated by the given formula:

    New value = Old value – (Key column value × Key row value) / Key value

  • The key row value can be calculated by the given formula:

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