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List of quantitative methods for optimization

  1. Mar 19, 2016 #1
    Max: 3x + 5y
    s.t. x + 2y ≤ 5
    x ≤ 3
    y ≤ 2
    x,y ≥0

    By the simplex method, the profit is $14. Using sensitivity analysis I changed the RHS of the 1st constraint and keeping everything else constant, I get the best profit value of $19 at RHS of 7.

    What other methods can I use such as the sensitivity analysis to see the improvement in my profit? Please provide me with a list.

    Thanks
     
  2. jcsd
  3. Mar 20, 2016 #2

    mfb

    User Avatar
    2016 Award

    Staff: Mentor

    The improvement in profit if you change what? With the given constraints, 14 is clearly the maximum.
     
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