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Consider the Following Problem

question 3

Essay

Consider the following problem.Minimize Z = 3x1 + 2x2,subject to 2x1 + x2 ≥ 10 -3x1 + 2x2 ≤ 6 x1 + x2 ≥ 6 and x1 ≥ 0,x2 ≥ 0.
(a)Solve this problem graphically.
(b)Using the Big M method,construct the complete first simplex tableau for the simplex method and identify the corresponding initial (artificial)BF solution.Also identify the initial entering basic variable and the leaving basic variable.
(c)Work through the simplex method step by step to solve the problem.


Definitions:

Bonds Payable

A financial obligation represented by a bond issued by a company, promising to pay back with interest the borrowed funds.

Accounts Payable

The amount owed by a business to its suppliers or vendors for goods and services purchased on credit.

Accrual Basis

An accounting method that records income and expenses when they are earned or incurred, regardless of when cash is exchanged.

Expenses

Costs incurred by a business or individual in the course of generating revenue, including operational costs and overheads.

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