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Maximize eamings = $0.80xX₁ + $0.40X₂ + $1.20X3 - $0.10X4 subject to X₁ + 2X₂ + X3 +5X = 150 X₂ 4X₂ +8X₂ = 70 120 0 6X₁+ 7X₂ + 2X3-X₂ X₁, X₂, X₁, X₁

Maximize eamings = $0.80xX₁ + $0.40X₂ + $1.20X3 - $0.10X4 subject to X₁ + 2X₂ + X3 +5X = 150 X₂ 4X₂ +8X₂ = 70 120 0 6X₁+ 7X₂ + 2X3-X₂ X₁, X₂, X₁, X₁

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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1. Given the LP model below. Do the following: a. Formulate the new LP model. b. Set up the initial table then identify the optimum column, pivotal row, entering variable out, going variable, Zj row entries, and Cj n-Zj row entries Maximize eamings = $0.80xX₁ + $0.40X₂ + $1.20X3 - $0.10X4 subject to X₁ + 2X₂ + X3 + 5X₁150 X₂ 4X₂ + 8X₂ = 70 6X₁ + 7X₂ + 2X3 - X₂ 120 X₁, X₂, X₁, X₁Z 0
Transcribed Image Text:1. Given the LP model below. Do the following: a. Formulate the new LP model. b. Set up the initial table then identify the optimum column, pivotal row, entering variable out, going variable, Zj row entries, and Cj n-Zj row entries Maximize eamings = $0.80xX₁ + $0.40X₂ + $1.20X3 - $0.10X4 subject to X₁ + 2X₂ + X3 + 5X₁150 X₂ 4X₂ + 8X₂ = 70 6X₁ + 7X₂ + 2X3 - X₂ 120 X₁, X₂, X₁, X₁Z 0
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