Additional LP Problems: 1. A company wants to determine how many units of each of two products, A and B, they should produce. The profit on product A is $50 and the profit on product B is $45. Applying linear programming to this problem, which of the following is the objective function if the firm wants to make as much money as possible? A) Minimize Z = 50 A + 45 B B) Maximize Z = 50 A + 45 B C) Maximize Z = A + B D) Minimize Z = A + B E) Maximize Z = A/45B + B/50A Answer: B 2. An agribusiness company mixes and sells chicken feed to farmers. The costs of the chicken feed ingredients vary throughout the chicken feeding season but the selling price of chicken feed is independent of the ingredients. On August 1, management needs to know how many units of each of three grains (Q, R, and S) should be included in their chicken feed in order to produce the product most economically. The cost of each grain is, for a unit of Q, $30; for a unit of R, $37; and for a unit of S, $78. Applying linear programming to this problem, which of the following is the objective function? A) Minimize Z = 30 Q + 37 R + 78 S B) Maximize Z = 30 Q + 37 R + 78 S C) Minimize Z = (Q x R x S)/3 D) Minimize Z = Q + R + S E) Maximize Z = Q + R + S Answer: A 3. Apply linear programming to this problem. A firm wants to determine how many units of each of two products (products D and E) they should produce to make the most money. The profit in the manufacture of a unit of product D is $100 and the profit in the manufacture of a unit of product E is $87. The firm is limited by its total available labor hours and total available machine hours. The total labor hours per week are 4,000. Product D takes 5 hours per unit of labor and product E takes 7 hours per unit. The total machine hours are 5,000 per week. Product D takes 9 hours per unit of machine time and product E takes 3 hours per unit. Which of the following is one of the constraints for this linear program? A) 5 D + 7 E =< 5,000 B) 9 D + 3 E => 4,000 C) 5 D + 7 E = 4,000 D) 5 D + 9 E =< 5,000 E) 9 D + 3 E =< 5,000 Answer: E 4. Apply linear programming to this problem. A one-airplane airline wants to determine the best mix of passengers to serve each day. The airplane seats 25 people and flies 8 one-way segments per day. There are two types of passengers: first class (F) and coach (C). The cost to serve each first class passenger is $15 per segment and the cost to serve each coach passenger is $10 per segment. The marketing objectives of the airplane owner are to carry at least 13 first class passengersegments and 67 coach passenger-segments each day. In addition, in order to break even, they must at least carry a minimum of 110 total passenger segments each day. Which of the following is one of the constraints for this linear program? A) 15 F + 10 C => 110 B) 1 F + 1 C => 80 C) 13 F + 67 C => 110 D) 1 F => 13 E) 13 F + 67 C =< (80/200) Answer: D 5. A firm wants to determine how many units of each of two products (products D and E) they should produce to make the most money. The profit in the manufacture of a unit of product D is $100 and the profit in the manufacture of a unit of product E is $87. Although the firm can readily sell any amount of either product, it is limited by its total labor hours and total machine hours available. The total labor hours per week are 4,000. Product D takes 5 hours of labor per unit and product E takes 7 hours of labor per unit. The total machine hours are 5,000 per week. Product D takes 9 hours of machine time per unit and product E takes 3 hours of machine time per unit. a. What is the LP model for this problem? b. How many units of each product should be produced? c. What is the total profit contribution? d. Which constraints are active? e. Is there any slack/surplus value for any constraint? 6. Suppose that an optimal corner point to a problem is (6, 10), and that the following constraint is part of the problem formulation; 8X1 + 12X2 < 175 Which of the following statements about the amount of slack in this constraint at the optimal solution is true? a. Slack = 0 b. Slack < 3 c. Slack < 5 d. Slack < 7 Answer: d 7. What is the meaning of a slack or surplus variable? The amount by which the left-hand side falls short of the right-hand side is the slack variable. The amount by which the left-hand side exceeds the right-hand side is the surplus variable. 8. Briefly describe the meaning of a shadow price. The shadow price is the marginal improvement in Z caused by relaxing the constraint by one unit. 9. Consider the following linear programming formulation: Maximize: 20X1 + 100X2 Subject to: X1 + X2 < 80 6X1 + 10X2 > 600 4X1 + > 80 X1, X2 > 0 a. Solve the problem using graphical solution procedure. b. What is the objective function value? c. Is there any slack/surplus value? 10. Consider the following linear programming formulation: Minimize: 2X1 + 4X2 Subject to: 4X1 + 6X2 < 120 2X1 +6X2 > 72 X2 > 10 X1, X2 > 0 d. Solve the problem using graphical solution procedure. e. What is the objective function value? f. Is there any slack/surplus value?