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Quantitative Analysis for Management, 13/e
book

Quantitative Analysis for Management, 13/e

by Barry Render, Ralph M. Stair, Michael E. Hanna, Trevor S. Hale
January 2017
Beginner to intermediate
280 pages
217h 11m
English
Pearson
Content preview from Quantitative Analysis for Management, 13/e

M7.1 How to Set Up the Initial Simplex Solution

Let us consider the case of the Flair Furniture Company from Chapter 7. Instead of the graphical ­solution we used in that chapter, we now demonstrate the simplex method. You may recall that we let

T=number of tables produced C=number of chairs produced

and that the problem was formulated as

Maximize profit=$70T+$50C(objective function)subject to2T+1C100(painting hours constraint)4T+3C240(carpentry hours constraint)T,C0(nonnegativity constraints)

Converting the Constraints to Equations

The first step of the simplex method requires that we convert each inequality constraint (except nonnegativity constraints) in an LP formulation into an equation.1 Less-than-or-equal-to constraints () such ...

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Publisher Resources

ISBN: 9780134543161