What is an isocost line? An isoprofit line?
Q: Describe the analysis of simultaneous changes in coefficients of objective function??
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A: THE ANSWER IS AS BELOW:
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What is an isocost line? An isoprofit line?
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- This problem does not require the use of data mining software and focuses on knowledge of concepts and basic calculations. Jay Gatsby categorizes wines into one of three clusters. The centroids of these clusters (in standardized units), describing the average characteristics of a wine in each cluster, are listed in the following table. Characteristic Cluster 1 Cluster 2 Cluster 3 Alcohol 0.819 0.164 −0.937 Malic Acid −0.329 0.869 −0.368 Ash 0.248 0.186 −0.393 Alkalinity −0.677 0.523 0.249 Magnesium 0.643 −0.075 −0.573 Phenols 0.825 0.977 −0.034 Flavonoids 0.896 −1.212 0.083 Nonflavonoids −0.595 0.724 0.009 Proanthocyanidins 0.619 −0.778 0.010 Color Intensity 0.135 0.939 −0.881 Hue 0.497 −1.162 0.437 Dilution 0.744 −1.289 0.295 Proline 1.117 −0.406 −0.776 Jay has recently discovered a new wine from the Piedmont region of Italy with the following characteristics. In which cluster of wines should Jay place this new wine? Justify your choice with appropriate…Describe the analysis of simultaneous changes in coefficients of objective function??Graph the feasible region for the system of inequalities. 5x+y< -3 x-y > 3
- How did you solve for the isoprofit lineConsider the following LP problem developed at Zafar Malik's Carbondale, Illinois, optical scanning firm: Maximize Z= 1X1+1X2 Subject to: 2X1+1X2≤72 (C1) 1X1+2X2≤72 (C2) X1,X2≥0Consider the following linear programming problem: Maximize 6x+5y (OBJ) Subject to x+y≤6 (1) 2x+y≤8 (2) y≤5 (3) x,y≥0 What is the optimal solution to this problem? What is the optimal value of the objective function? Solve this model by using graphical analysis based on the Corner Point Solution Method. Answer questions below. 2.1. Clearly plot and label the constraints. Show your calculations for drawing constrain line. The solution without calculation will not be accepted. 2.2. Develop and shade the feasible region. Use graph paper. 2.3. Compute all the corner points or extreme points and their coordinates (i.e. the values of x and y). The solution without calculation will not be accepted. 2.4. Determine the optimal solution (i.e. the values of x and y) using corner points method. Why your solution is optimal? 2.5 Compute the value of the objective function at the optimal…