roblem 7-18 (pg 279) Using the following equations, graph the constraints and solve using the corner point approach. X1 = number of undergraduate courses X2 = number of graduate courses Minimize cost = $2,500X1 + $3,000X2 subject to X1 >= 30 X2 >= 20 X1 + X2 >= 60 X1, X2 >= 0

roblem 7-18 (pg 279) Using the following equations, graph the constraints and solve using the corner point approach. X1 = number of undergraduate courses X2 = number of graduate courses Minimize cost = $2,500X1 + $3,000X2 subject to X1 >= 30 X2 >= 20 X1 + X2 >= 60 X1, X2 >= 0

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter6: Optimization Models With Integer Variables

Section6.3: Capital Budgeting Models

Problem 3P: Solve Problem 1 with the extra assumption that the investments can be grouped naturally as follows:...

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Optimization Models

Optimization models are mathematical models that help organizations determine the best way to allocate scarce resources to achieve specific objectives. These models can be used to solve a wide variety of problems, from finding the most efficient route for a delivery truck to determining the optimal mix of products to stock in a store.

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Problem 7-18 (pg 279) Using the following equations, graph the constraints and solve using the corner point approach.

X₁ = number of undergraduate courses

X₂ = number of graduate courses

Minimize cost = $2,500X₁ + $3,000X₂

subject to X₁ >= 30

X₂ >= 20

X₁ + X₂>= 60

X₁, X₂ >= 0

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