a) (10 points) Use the inequalities provided to shade in the feasible region.
b) (10 points) Approximately what is the optimal solution to this problem? Circle the point corresponding to this solution on the graph above.
b) (10 points) What are the binding constraints in this problem?
c) (10 points) What is the approximate slack associated with each of the other constraints?
|Product||Cutting and Sewing||Finishing and Packaging||Profit per Bag|
a) (10 points) Define the decision variables for this problem. Hint: you might want to use the words "how much".
b) (20 points) What is the objective function for this linear programming problem? Is your objective to maximize or minimize the value of this function?
c) (20 points) Write inequalities describing all the constraints for this linear programming problem.
d) (10 points) Par Inc.'s board of directors is considering increasing the number of bags produced per year. Give a rough estimate of the dual price of one golf bag.
Bonus: (5 points) Suppose that in problem 1 the objective was to maximize the value of 2X + 10Y. Would this change your solution? If so, how?