Answer:
The answer to Question A is well explained in the attachment
B) The increase in the Z value with the increase in unit in the particular resource is said to be shadow source of a resource.
It can be resolved with the help of an optimal solution
Step-by-step explanation:
Consider the following problem.
Maximize Z = x1 ? 7x2 + 3x3
subject to
2x1 + x2 ? x3 ? 4
4x1 ? 3x2 ? 2
?3x1 + 2x2 + x3 ? 3
x1, x2, x3 ? 0
(a) (points: 6) Work through the simplex method step by step to solve the problem.
(b) (points: 4.5) Identify the shadow prices for the three resources and describe their significance.
The answer to A is explained in the attachment
b) The increase in the Z value with the increase in unit in the particular resource is said to be shadow source of a resource.
It can be resolved with the help of an optimal solution
