Examlex
Use the following Management Scientist output to answer the questions.
LINEAR PROGRAMMING PROBLEM
MAX 31X1+35X2+32X3
S.T.
1)3X1+5X2+2X3>90
2)6X1+7X2+8X3<150
3)5X1+3X2+3X3<120
OPTIMAL SOLUTION
Objective Function Value = 763.333
OBJECTIVE COEFFICIENT RANGES
RIGHT HAND SIDE RANGES
a.Give the solution to the problem.
b.Which constraints are binding?
c.What would happen if the coefficient of x1 increased by 3?
d.What would happen if the right-hand side of constraint 1 increased by 10?
Litigants
Individuals or parties involved in a lawsuit.
Binding Agreement
A legally enforceable contract or agreement between two or more parties with clearly defined terms.
Arbitration Agreement
A contract in which parties agree to resolve disputes outside of court through arbitration.
Independent Contractor
A person or organization hired to execute tasks for or deliver services to another organization without being an employee.
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