b. Minimize Subject to: Z = 2x1 + 3x2 4x1 + 2x2 2 20 } E 2x1 + 6x2 2 18 F 1x1 + 2x2 ≤ 12 X1, X2 20 1. What are the optimal values of the decision variables and Z? (Round your answers to 1 decimal place.) Decision Variables X1 X2 Z Optimal values D
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Solve these problems using graphical linear programming and then answer the questions that follow. Use simultaneous equations to determine the optimal values of the decision variables.
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- Do not copy from other websites In a two-class, two-action problem if the loss function is λ11 = λ22 = 0, λ12 = 12, and λ21 = 5, write the optimal decision rule. How does the rule change if we add athird action of regret with λr = 1?If the decision maker knows nothing about the probabilities of the four states of nature, what is the recommended decision using MAXIMAX CRITERION? D1 D2 D3 D4 What decision alternative will he choose if using MAXIMIN CRITERION? D1 D2 D3 D4 What about MINIMAX REGRET CRITERION? D1 D2 D3 D4 What decision would he make if using criterion of realism at alpha 0.6 is used? D1 D2 D3 D4Use Lagrange multipliers to find three positive numbers whose sum is 18 and the sum of whose squares is as small as possible.
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