QM 265
Assignment 6
Inventory Models
Table of Contents
Base case linear programming model Page 3
Optimal plan and corresponding total gross margin Page 4
Constraints for scenarios with final values and shadow prices Page 5
Shadow prices for cattle and summer casual labour Page 5-6
Changes in the optimal plan between scenarios A and C Page 6
Binding and upper and lower limits on resources Page 6-7
References Page 8
Question 2) a)
Table 1. Optimal plan and corresponding total gross margin.
Activity Gross Margin Change (Plan B)
Forage Oats (ha) 3.45
Improved Pasture (ha) 55.87
Native Pasture (ha) 150
Fallow (ha) 0
Merino Ewes (hd) 400
Xbred Ewes (hd) 910.88
Cattle (hd) 20
Spring Supplementary Feed (kg) 0
Summer Supplementary Feed (kg) 0
Autumn Supplementary Feed (kg) 0
Winter Supplementary Feed (kg) 0
Spring Casual Labour (hrs) 115
Summer Casual Labour (hrs) 115
Autumn Cas ...