Formulate the problem as a linear programming model including decision variables, objective function and the constraints. Use the first letter of each variable to represent the decision variable. For example, James = J. Decision Variables
Objective Function MAX
Total Funds <=
$5000 constraint 1 <= 5000
$5000 constraint 2 <= 5000
$5000 constraint 3 <= 5000
$1000 constraint 1 >= 1000
$1000 constraint 2 >= 1000
$1000 constraint 3 >= 1000
Suppose the profit on James candy decreased by $1 and the profit on QM increased by $1, use the 100% rule to calculate if this is an allowable change. State the % you get (2 decimal places). Then determine the new share allocation (if it remains unchanged, re-write) and the resulting profit.
100% value J QM DC $ Return