Answer Part C please Maximize contribution =4X₁ + 4x2 +7X31X₁ +7X2+4X3 ≤ 802X1 + 1X2 +7X3 ≤ 848X1 +4X2 + 1X3 ≤ 80(C₁ hours on machine 1)(C2: hours on machine 2)(C3: hours on machine 3)X1, X2, X3 20Using a computer software for solving LP, the optimal solution achieved is:X₁= 6.25 (round your response to two decimal places).= 5.11 (round your response to two decimal places).X3 = 9.48 (round your response to two decimal places).ontribution (objective value) = 111.86 (round your response to two decimal places).O Machine 1 has 0 hours of unused time available at the optimal solution (round your response to two decimal places).lachine 2 has 0 hours of unused time available at the optimal solution (round your response to two decimal places).lachine 3 has 0 hours of unused time available at the optimal solution (round your response to two decimal places). Machine 3 has 0 hours of unused time available at the optimal solution (round your response to two decimal places).c) An additional hour of time available for third machine, is worth dollars to the firm (round your response to two decimal places).

Lagrange multiplier values are one which shows the amount of change in objective function by…

Answered: Maximize contribution = 4X₁ + 4x2 +7X3…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter11: Simulation Models

Section: Chapter Questions

Problem 68P

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