Wat are the shadow prices for each resource interpret


Max

4X1 + 5X2 + 6X3


s.t.

X1 + X2 + X3 = 85

(Production capacity)


X1 + 4X2 + X3 =280

(Material A requirements)


X1 + 4X2 + 4X3 =320

(Material B requirements)

Cell


Name

Final
Value

Reduced
Cost

Objective
Coefficient

Allowable
Increase

Allowable
Decrease









$B$8


X1

0

1.5

4

1E + 30

1.5

$C$8


X2

80

0

5

1

5

$D$8


X3

0

1

6

1E + 30

1








Constraints














Cell


Name

Final
Value

Shadow
Price

Constraint
R.H. Side

Allowable
Increase

Allowable
Decrease









$B$13


Production Capacity

80

0

85

1E+30

5

$B$14


Material A

320

0

280

40

1E+30

$B$15


Material B

320

1.25

320

20

40

1.  What are the shadow prices for each resource? Interpret.

2.  What are the reduced costs? Interpret them in this context.

3.  Compute and interpret the ranges of optimality.

4.  Compute and interpret the ranges of feasibility.

Request for Solution File

Ask an Expert for Answer!!
Business Management: Wat are the shadow prices for each resource interpret
Reference No:- TGS02657017

Expected delivery within 24 Hours