Final answer:
To solve the problem using the simplex method, follow a series of steps: convert inequalities into equalities, write the objective function as a maximization problem, create the initial simplex tableau, use the simplex method to find the optimal solution, and interpret the solution.
Step-by-step explanation:
To solve this problem using the simplex method, we need to follow a series of steps:
- Convert the inequality constraints into equality constraints by adding slack variables.
- Write the objective function as a maximization problem.
- Create the initial simplex tableau.
- Use the simplex method to iterate and find the optimal solution.
- Interpret the solution and identify the optimal values for the decision variables.
In this case, we have three decision variables: X1, X2, and X3. By applying the simplex method to the given problem, we can find the optimal solution that maximizes the objective function Z = 2X1 + 4X2 + 3X3 subject to the given constraints.