The binding constraints for the optimal solution

Assignment Help Operation Management
Reference no: EM131031786

In a linear programming problem, the binding constraints for the optimal solution are 5X + 3Y ≤ 30 2X + 5Y ≤ 20 a. Fill in the blanks in the following sentence: As long as the slope of the objective function stays between _______ and _______, the current optimal solution point will remain optimal. b. Which of these objective functions will lead to the same optimal solution? 1) 2X + 1Y 2) 7X + 8Y 3) 80X + 60Y 4) 25X + 35Y

Reference no: EM131031786

Questions Cloud

Characteristics of the industrial and market revolution : Which of the following can most accurately be described as significant characteristics of the industrial and market revolution that occurred in the American economy during the first half of the nineteenth century?
People are less willing to express traditionally : Researchers have found that people are less willing to express "traditionally" prejudicies beliefs than in the past, but behavior does not agree with espoused beliefs. How can such disparities in exspressed beliefs and actions undermine diversity in ..
What is the output of this c code : What is the output of this C code?
Stocks a variety of calculators in their warehouse : High Tech Inc. is a virtual store that stocks a variety of calculators in their warehouse. Customer orders are placed, the order is picked an dpackaged, and then shipped to the customer. A fixed order quantity inventory control system (FQS) helps mon..
The binding constraints for the optimal solution : In a linear programming problem, the binding constraints for the optimal solution are 5X + 3Y ≤ 30 2X + 5Y ≤ 20 a. Fill in the blanks in the following sentence: As long as the slope of the objective function stays between _______ and _______, the cur..
The assembly will not meet its specified requirements : An assembly consists of 5,500 specified quality characteristics. It is assumed that if any one of these characteristics is out of spec, then the assembly will not meet its specified requirements. What is the probability that this assembly can operate..
Evaluate australian accounting and regulatory environment : ACCT20074 Contemporary Accounting Theory. Analyse, interpret and report on given business situations using appropriate accounting theories and Critically evaluate Australian accounting and regulatory environment
Processing under manual order management system : Mr. McNeely currently batches orders for processing under manual order management system. The orders are batched for daily processing. If Mr. McNeely opt to implement a Web-based solution, might this affect his current means of order processing? If s..
What is the reorder point without safety stock : High Tech Inc. is a virtual store that stocks a variety of calculators in their warehouse. Customer orders are placed, the order is picked an dpackaged, and then shipped to the customer. A fixed order quantity inventory control system (FQS) helps mon..

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd