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Use the following Management Scientist output to answer the questions.
MIN 4X1+5X2+6X3
S.T.
1)X1+X2+X3<85
2)3X1+4X2+2X3>280
3)2X1+4X2+4X3>320
Objective Function Value = 400.000 OBJECTIVE COEFFICIENT RANGES RIGHT HAND SIDE RANGES
a.What is the optimal solution, and what is the value of the profit contribution?
b.Which constraints are binding?
c.What are the dual prices for each resource? Interpret.
d.Compute and interpret the ranges of optimality.
e.Compute and interpret the ranges of feasibility.
Environmental Concerns
Issues related to the natural environment due to human activities or processes, including pollution, natural resource depletion, and climate change.
Strategic Planning
The process of defining a company's direction and making decisions on allocating resources to pursue this direction.
Competitive Intelligence
The gathering and analysis of information about competitors, market trends, and other external factors affecting a business's competitive position.
Globalization and Localization
The balance between adapting business practices to local cultures and markets (localization) while leveraging global trends and economies of scale (globalization).
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