Question

Consider the following optimal tableau of a maximization problem where the constraints are of the s type. (Initial basis consisted of the columns corresponding to the slack variables in order shown) SLACK 0 2 0-2-1/10 2 0 1 01/21/5-1 0 1/2 0 0 0 0 1 1 25-3/10 2 a. Find the optimal objective function value, as well as the value of 0. b. Would the solution be altered if a new activity x, with coefficients (2,0,3) in the constraints, and a price of 5, were added to the problem? Explain How large can b, (the first constraint RHS) be without violating feasibility? Explain. c.

Answer 1

Step 2: Get a pencil and BIG eraser. The best value stream maps have eraser marks all over them. Please, I beg you; don’t use a pen when drawing these.

Step 3: Have a big piece of paper ready. Your standard 8.5”x11” piece of paper won’t cut it. Personally, I prefer the 11”x17” paper size. It’s big, but not too big to carry around.

Finally, while I will be drawing the value stream map using software in this article, I recommend you always draw the map on paper first. Then, when you are ready to share your masterpiece with senior management you may choose to go for the softwar