Question

Consider the following problem.

Answer 1

Answer:

The answer to Question A is well explained in the attachment

B) The increase in the Z value with the increase in unit in the particular resource is said to be shadow source of a resource.

It can be resolved with the help of an optimal solution

Step-by-step explanation:

Consider the following problem.

Maximize Z = x1 ? 7x2 + 3x3

subject to

2x1 + x2 ? x3 ? 4

4x1 ? 3x2 ? 2

?3x1 + 2x2 + x3 ? 3

x1, x2, x3 ? 0

(a) (points: 6) Work through the simplex method step by step to solve the problem.

(b) (points: 4.5) Identify the shadow prices for the three resources and describe their significance.

The answer to A is explained in the attachment

b) The increase in the Z value with the increase in unit in the particular resource is said to be shadow source of a resource.

It can be resolved with the help of an optimal solution