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I need some help on these questions, I have no idea what to do. (Business Analytics)
Problem 1)
you are given the following linear programming model in algebraic form, where X sub one and X sub two are the decision variables and Z is the value of the overall measure of performance.
Maximize Z = 3x1 + 2x2
Subject to
Constraint on resource 1: 3x1 + x2<5 (amount available)
Constraint on resource 2: x1 + 2x2<8(amount available)
and
x1> 0 x2> 0
a. Identify the objective function, the functional constraints, and the non-negativity constraints in this model.
b. Incorporate this model into a spreadsheet.
c. Is (x1, x2) = (2, 1) a feasible solution?
d. Is (x1, x2) = (2, 3) a feasible solution?
e. Is (x1, x2) = (0, 5) a feasible solution?
f. Use Solver to solve this model.
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