Optimal solution and optimal objective function value

Assignment Help Operation Management
Reference no: EM131116410

Min 2x1+x2+x3

5x1+2x2+7x3 = 420
3x1+2x2+5x3 >= 280
x1,x2 >= 0
a) Write the dual of the above primal LP
b) solve the primal problem with a computer software, write down optimal solution and optimal objective function value. Also write down the shadow prices (dual prices) of the primal constraints.
c) solve the dual problem and write down optimal solution of the dual problem and optimal objective function value. Also write down the shadow prices (dual prices) of the primal constraints.
d) Compare the solutions of the primal and dual problems. What do you observe?
e) Check whether the complementary slackness equations are held.

Reference no: EM131116410

Questions Cloud

Using forecast for planning aggregate levels of operations : A request has gone out to all salespeople in a company to make forecasts for their sales territories for next year. These forecasts will be aggregated by product lines, districts, and regions, and -- finally -- at the national level. Describe the pro..
Issues into differentiation strategies and action plans : How should the bank incorporate these issues into differentiation strategies and action plans?
Rest of us should accept her leadership : One of your co-workers brought along his friend to lunch. When discussing his new female boss, the friend says: “It really irritates me not only that she gets the job just because she’s a woman, but she’s also Hispanic. There’s no way that someone li..
Extreme programming-work breakdown structure : eXtreme programming (XP) was first introduced by Kent Beck when he was the project leader on a large, long-term project to rewrite Chrysler Corporation"s payroll system. He later outlined this development methodology in a book titled Extreme Programm..
Optimal solution and optimal objective function value : Write the dual of the above primal LP. solve the primal problem with a computer software, write down optimal solution and optimal objective function value. Also write down the shadow prices (dual prices) of the primal constraints.
Evaluate the effectiveness of the strategy : Identify a product that you think you have paid either too little for or too much for. Identify the pricing strategy you think the company is trying to implement (based on the assigned reading) and evaluate the effectiveness of the strategy.
Tests of sustainable competitive advantage : The four tests of sustainable competitive advantage are: The technological change lowers costs or enhances differentiation and provides a sustainable (i.e., inimitable) technological advantage. The technological change shifts cost or uniqueness drive..
Purchase price parity and overall currency exchange rates : As you think about how countries manage those currency flows, do you think that those policies adopted by individual countries are impacted by the onset of regional economic integration activities? Do you think that it impacts the Purchase Price Pari..
Resource loading is level of demand placed upon individual : The typical resource managed in most projects is people’s time. Additional resources that may need to be considered are: Machine time/capacity – Does the project require time on a specific machine, particularly one that is a scarce resource? Resource..

Reviews

Write a Review

 

Operation Management Questions & Answers

  Forest green wants to use only one system alternative

Assume that for simplicity's sake, Forest Green wants to use only one system alternative for all three DCs. What is the system with the lowest NPV for the life of the system for the combination of DCs?

  What would be cost saving per hour from paying less money

A company has started a phone service that uses overseas doctors to provide emergency medical consultations. The responding doctors are based in a country with low wages but with a highly skilled pool of physicians. Responding to each call takes on a..

  World-class organization to achieve superiority

Is it possible for a world-class organization to achieve superiority in all five competitive priorities--price (cost), quality, time, flexibility, and innovation? Explain your reasoning. Provide examples pro or con. Where Stuff Is Made and What Stuff..

  The affordable care act made important changes

The Affordable Care Act made important changes to the law of government programs and to the law of fraud and abuse. Please explain what changes were made and what programs this involved specifically.

  Checkbook for subsequent misappropriation of funds

Which of the following controls would best help detect the removal of a blank check by an employee from the back of a company's checkbook for subsequent misappropriation of funds? ?The use of pre-numbered checks. ?An accounting policies manual. ?Trac..

  Many leaders underestimate their cyber-adversaries

"Many leaders underestimate their cyber-adversaries’ capabilities and the strategic financial, reputational, and regulatory risks they pose." How can this possibly still be the case in this day and age, where the information resources available to le..

  Older adults often do not report feeling depressed

Older adults often do not report "feeling depressed." Instead they are likely to report which of the following EXCEPT?

  The objective is to find a production plan that maximizes

The objective is to find a production plan that maximizes the daily profit. Formulate your model mathematically and solve it by using the Excel solve

  Selected research design for the project

Discuss your selected research design for the project. What research methods are you considering?

  What is the optimal stocking level

Henrique's Correa's bakery prepares all its cakes between 4am and 6am so they will be fresh when customers arrive. Day-old cakes are virtually always sold but at a 50% discount off the regular $16 price. The cost of baking a cake is $10 and demand is..

  A company has a factory that is designed

A company has a factory that is designed so that it is most efficient (average unit cost is minimized) when producing 15,000 units of output each month

  Detecting unethical practices at supplier faculty

Assess the value of having a Supplier Code of Conduct when outsourcing operational functions to international markets and the enforceability of such a code.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd