Develop your own original LP problem with two constraints and two real variables.
(a) Explain the meaning of the numbers on the right-hand side of each of your constraints.
(b) Explain the significance of the technological coefficients.
(c) Solve your problem graphically to find the optimal solution.
(d) Illustrate graphically the effect of increasing the contribution rate of your first variable (X1) by 50% over the value you first assigned it. Does this change the optimal solution?
This question was answered on: Jul 11, 2017
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