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For the following Linear Programming model;
Minimize Z=50x1+30x2
Subject to
8x1+6x2≥48
x1+2x2≥12
x1,x2≥0
(a) Use graphical solution methodoloogy to find the optimal solution of the above linear programming model, wich means you need to find the optimal value of x1 and x2
(b) determine the optimal value of the objective function
(c) write down the linear programing standard form by subtracting surplus variables.
what would be the ROP and the associated safety stock. What is the additional holding cost on account of the safety stock.
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