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pi (kg/ha/yr)
Li (ha)
Ri (Xi) ($/yr)
1
2
3
10
18
9
30
10
10
1000 X1 1/2
3000 X2 1/3
1200 X3 1/2
Develop an optimization model to find the optimal combination of X1, X2 and X3 that gives
maximum overall profit while meeting all the constraints described above, and any physical
constraints not specifically mentioned but relevant.
Part c
For the problem in part b, show the feasible region on a graph (in other words, the decision space of
the problem) with all the constraints included. Show the feasible region for X3 = 20 ha with the
horizontal axis representing X1 and the vertical axis representing X2. From the graph of the feasible
region, determine, roughly, the optimal combination of X1 and X2 given X3 = 20 ha.
Part d (*** NOT FOR GRADING ***)
Consider again the optimization problem from part a. (i) Use the method of Lagrange multipliers to
determine a set of simultaneous equations that solves to give stationary points, of which the one
resulting in the least objective function value is the optimum of the problem. (ii) If given that the
optimum is X1 = 60 and X2 = 40, which constraints are binding, and which non-binding? What are
the values of the Lagrange multiplier and slack/surplus variable associated with each constraint?