Use the information below to answer the following question. Maximize: 2X, + 3X2 Subject X2 1. to: 2. + 3X, <= Non-Neg Constraint 1 (0.6) (0,3) Constraint 2 Optimal- (4.5,1.5) (0,0) (6,0) (9,0 What is the shadow price of constraint 2? Round your answer to two decimal places if necessary. I. 45.00

Use the information below to answer the following question. Maximize: 2X, + 3X2 Subject X2 1. to: 2. + 3X, <= Non-Neg Constraint 1 (0.6) (0,3) Constraint 2 Optimal- (4.5,1.5) (0,0) (6,0) (9,0 What is the shadow price of constraint 2? Round your answer to two decimal places if necessary. I. 45.00

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter4: Linear Programming Models

Section: Chapter Questions

Problem 135P

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Inventory Management

The supply chain is crucial to a firm's operations as it manages the inflow and outflow of products that are manufactured from the initial stage to the end product. It also considers the raw materials needed at different stages of production and when the work is in progress. Inventory management functions consist of ordering, storing, and procuring the organization's inventory like raw materials, factors, and finished products. It's also used for controlling the number of products for trade and helps manage the organization's inventory and stock. Inventory Management has been defined as having the right inventory, of the right volume, at the right cost.

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