Problem related to quantitative analysis

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Problem related to Quantitative analysis: Linear programming.

Problem- The three princes of Serendip wend on a little trip. They could not carry too much weight; more than 300 pounds made them hesitate. 15 cubic feet baggage capacity - that was all. Each lion skin took up one cubic foot. While eight coconuts the same space too. Formulate and solve Serendipity by graphical LP in order to calculate what their new wealth might be.

You need to solve problem deals with linear programming problems.

Reference no: EM13711463

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Difference between objective function and constraints : Under what circumstances is the objective function more important than the constraints in a linear programming model.

Describe the linear programming concepts : What does the shadow price reflect in a maximization problem? Explain. How do the graphical and computer-based methods of solving LP problems differ.

Explanation about quantitative analysis : What is the relationship between decision variables and the objective function. What is the difference between an objective function and a constraint.

Difference between primary research and secondary research : Explain how your proposal on The Sarbanes-Oxley Act 2002 might be different if you are doing a primary research as opposed to secondary research.

Problem related to quantitative analysis : The three princes of Serendip wend on a little trip. They could not carry too much weight; more than 300 pounds made them hesitate.

What is the proposed research : What is the research question. What is the proposed research. How would you design the research project. What data would you collect and how would you prepare that data.

Explain what is the optimal solution : What is the optimal solution to this problem? Solve it graphically. If a technical breakthrough occurred that raised the profit per unit of x to $8 would this affect the optimal solution.

Draw the feasible area : escribe the linear programming and evaluate the above problem using linear programming model. Draw the feasible area.

Explain business research and describe the scientific method : Explain a situation in which business research is NOT needed and one in which business research IS needed. Discuss the factors which differentiate the two situations.

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