Practical Management Science
Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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Question
G 1
Develop a simple application of two-
variable linear programming problem to
find an optimal product mix in a 'realistic'
context. Specify the resources to be
considered
and
the
resource
demand
requirements,
market
considerations, technical considerations,
managerial policies, and any other
relevant factors, and formulate the linear
programming problem using realistic
assumptions or estimates of the same. Find
the optimal solution of your linear
programming problem and discuss its
sensitivity analysis and managerial
implications.
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Transcribed Image Text:Develop a simple application of two- variable linear programming problem to find an optimal product mix in a 'realistic' context. Specify the resources to be considered and the resource demand requirements, market considerations, technical considerations, managerial policies, and any other relevant factors, and formulate the linear programming problem using realistic assumptions or estimates of the same. Find the optimal solution of your linear programming problem and discuss its sensitivity analysis and managerial implications.
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