a. What is the optimal value of x?
Q: linear programming A small company works 10 hours a day, making two types of products from 3…
A: Decision Variables: Suppose x1 be the no. of product 1 x2 be the…
Q: A.Which part of the refrigerator should be used for storing raw meat? B. At what temperature should…
A: Note: We'll answer the first question since the exact one wasn't specified. Please submit a new…
Q: A scientist works in a lab with four summer interns and, as it is the end of the summer, he…
A: Strategy refers to the plan drafted by the organization to accomplish the aim under the uncertainty…
Q: 1. How many corner points exist for the feasible solution? 2. One corner point does NOT lie on the x…
A: First, we will formulate the LP model. The decision variables are x (corn) and y (oats) The…
Q: Which of the following are the four fundamental assumptions of resilient optimization?'
A: The resilient optimization model has the following aspects under it that can be used as a model for…
Q: 28.3-3. A particle moves on a circle through points that have beer marked 0, 1, 2, 3, 4 (in a…
A: given, particle starts point = 0 each step probability = 0.5
Q: WHAT WLL HAPPEN IF THERE IS A CHANGE IS ONE OF THE OBJECTIVE FUNCTION COEFFICIENT? A. SLOPE OF THE…
A: Every change in the worth of a target work coefficient will lead to a changed optimal solution. When…
Q: Q2. What is the optimal solution and what is the value of the objective function? Show the relevant…
A: As per your question we need to answer question number 2. For answering that I have provided the…
Q: Two machines are currently in use in a manufacturing process. The standards for this process are…
A: Machine capability study is the testing of a machine to check its suitability for a special…
Q: Marini Meal Kits is looking for new customers in the Chicago metro area. Across Marini's current…
A: Value of one of the prospect = Total lifetime value of the new customers from the prospect base ÷…
Q: Antonio is the RM at the 180-room Hawthorne Suites. Disappointed in his occupancy rate last year, he…
A: Occupancy and ADR are given.
Q: 07 sing a suitable technique, you are required to solve the following equations, inimize := 3x, +…
A: Given that: MIN Z = 3x1 + 7x2 + 4x3 + 5x4subject to2x1 + x2 + 3x3 + 4x4 >= 7x1 + 2x2 + 4x3 + 2x4…
Q: 13
A: When the value of objective coefficient (OF) is changed from 1.95 to 2 the optimality range is not…
Q: Use the two – phase simplex method Minimize Ζ = 3x1 + 2x2 + x3 Subject to x1 + 4x2 +…
A: MIN Z = 3x1 + 2x2 + x3subject tox1 + 4x2 + 3x3 >= 502x1 + x2 + x3 >= 30-3x1 - 2x2 - x3 <=…
Q: 1. It is used to determine how the optimal solution is affected by changes, within specified ranges,…
A: Note: We'll answer the first question since the exact one wasn't specified. Please submit a new…
Q: For minimization linear programming problem, the simplex method is terminated when all values of:…
A: As per the minimization simplex method, if Z(NB) is non zero, the LP problem will not terminate. The…
Q: Xo Present Xo1 Xo1 Year 1 Хоз X12 X13 $4,000 Year 2 X23 $14,000 Year 3 How many decision variables…
A: Here the decision variables will be for present to years and from years to years
Q: MLP solver is a heuristic method. A local optimum is better than all nearby points. An optimization…
A: 1- True 2- False 3-False 4- True 5-True
Q: Yearly oil production in Mexico, and yearly oil imports of the US from Mexico can be represented by…
A: Please refer next step for answer
Q: The number of pizzas ordered on Friday evenings between 5:30 and 6:30 at a pizza delivery location…
A:
Q: subject to X, - 2x, + x, 2 20 2x1 + 4x2 + X3 = 50 and X, 2 0, X 2 0, X3 2 0. (a) Using the Big M…
A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…
Q: If a simulation begins with the first random number, the first simulated value would be: Random…
A: Calculation of cumulative frequencies; Demand Frequency Cumulative frequency 0 0.15 0.15 1…
Q: Which of the three variables in Little's law do you believe is the most difficult to estimate in…
A: Little's law is a theorem that can be used to figure out how many items are in a queue on average.…
Q: Prove the following using strong induction. Suppose you are gifted a collection of 3n pokéballs; all…
A: A ball is a roundabout item that can be utilized in an assortment of ways. It is used in ball games…
Q: 2. A company has to minimize its cost = 200X + 300Y, subject to the following constraints: X + Ys 50…
A:
Q: The Apex Television Company has to decide on the number of 27- and 20-inch sets to be produced at…
A: Given Information:
Q: A firm has modeled its experience with industrial accidents and found that the number of accidents…
A: Given data: Regression equation Where, X= Total number of employees which are 480 The regression…
Q: The preference of an agents on lotteries can be represented by an expected utility function u such…
A: B) risk Loving
Q: The members of a private golf club have handicaps that are normally distributedwith mean 15 and…
A: Hence, the standard deviation of sample mean is 1.75.
Q: The model for a _____ resembles the hierarchical model in many respects.
A: Network database
Q: What would the correlogram (ac/pac) look like for both, (i) the ARMA model, and, (ii) the ARIMA…
A: ANSWER: An ARMA is a weakly stationary stochastic time series in two polynomials: auto regression(p)…
Q: Irwin’s sells a particular model of fan, with most of the sales being made in thesummer months.…
A: Given data, Total Number of Fans = 10 Total number of sales = 30, 50,30,60,10,40,30,30,20,40 Cost…
Q: Mazen is not keen on collecting facts and information while solving problems. He is spontaneous in…
A: Decision-making is tied in with choosing the request for execution of explanations dependent on…
Q: 53. Why is the RISKCORRMAT function necessary?How does @RISK generate random inputs by default,that…
A: RISKCORMMAT is considered as an function that helps in correlating two or more variables in the…
Q: 5. A concessionaire for the local ballpark has developed a table of conditional values for the…
A: Find the Given details below: Given Details States of Nature (Size of Crowd) Alternatives…
Q: An urn contains 10 red balls and 30 blue balls.a Suppose you draw 4 balls from the urn. Let Xi bethe…
A:
Q: Which of the following is/are linear function(s) of x, y, z? 2x А. y B. TTX + ey - 3z C. 3x2 Select…
A: BOTH A & C
Q: Meg Jones, the CEO of Ajax Computer Company, and Brad Smith, its Director of Operations, had been…
A: Selling price = Cost / (1-profit%) Cost price = Selling price x (1-profit%) Profit = Selling…
Q: 4. ABC Dog Food Company located in Ottawa sells large bags of dog food to warehouse clubs. ABC uses…
A: The detailed solution is given in Step 2.
Q: Maximize Z=2x,+x2+3x3 3) X+x2+2x3 < 25 + X3 58 X2+ X3S10 Subject to X1 X1, X2, Xz 2 0
A: Given- Max Z=2x1+x2+3x3Subject to-x1+ x2+2x3≤ 25x1+x3≤8x2+x3≤10x1, x2, x3≥0
Q: Taxes The function T(x) represents the tax bill T of a single person whose adjusted gross income is…
A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: Which of the following is NOT a determinant of the demand for good X?
A: The price of the good or service. The income of buyers. The prices of related goods or…
Q: A valid reason for using simulation model is: a. analyze relationship between the variables which…
A: Simulation modeling is nothing but the technique of developing and examining automated or digital…
Q: Suppose that for years East Campus' short-run Phillips Curve was such that each 1 percentage point…
A: given, East Campus' short-run Phillips Curve was such that each I percentage point increase in its…
Q: Subject: FUNDAMENTALS OF BUSINESS ANALYTICS Problem: The Supermarket contains over 14,000…
A: Find the Given details below:
Q: B.) Convert the following function to standared form Min Z = 2x₂ + 5x3 S.t: x₁-x₂ ≥2 2x₁ + x₂ + 6x3…
A: Linear programming, often known as linear optimization, is a method for obtaining the best result…
Q: 6. Given a linear programming model: Маx 4x1 + 6x2 X1+ 2x2 0 Which of the following statement is…
A:
Q: To a) tomy My fut "the"? may Eye & 2 ✪ Qy Search 4. What is the probability that a randomly chosen…
A: This is a probability based question and the solution will be as follows in the coming steps.
Q: Can the function f (x) = - x2 + 3x +2 be maximized?
A:
Trending now
This is a popular solution!
Step by step
Solved in 4 steps with 3 images
- If a monopolist produces q units, she can charge 400 4q dollars per unit. The variable cost is 60 per unit. a. How can the monopolist maximize her profit? b. If the monopolist must pay a sales tax of 5% of the selling price per unit, will she increase or decrease production (relative to the situation with no sales tax)? c. Continuing part b, use SolverTable to see how a change in the sales tax affects the optimal solution. Let the sales tax vary from 0% to 8% in increments of 0.5%.Assume the demand for a companys drug Wozac during the current year is 50,000, and assume demand will grow at 5% a year. If the company builds a plant that can produce x units of Wozac per year, it will cost 16x. Each unit of Wozac is sold for 3. Each unit of Wozac produced incurs a variable production cost of 0.20. It costs 0.40 per year to operate a unit of capacity. Determine how large a Wozac plant the company should build to maximize its expected profit over the next 10 years.STAR Co. provides paper to smaller companies whose volumes are not large enough to warran paper rolls from the mill and cuts the rolls into smaller rolls of widths 12, 15, and 30 feet. The cutting patterns have been established: 1 2 Pattern 12ft. 15ft. 30ft. Trim Loss 0 4 1 10 ft. 3 0 7 ft. 8 0 0 4 ft. 2 1 2 1 ft. 5 2 3 1 1 ft. Trim loss is the leftover paper from a pattern (e.g., for pattern 4, 2(12)+1(15) + 2(30) = 99 hand for the coming week are 5,670 12-foot rolls, 1,680 15-foot rolls, and 3,350 30-foot rolls. hand will be sold on the open market at the selling price. No inventory is held. Number of: 3
- Innis Investments manages funds for a number of companies and wealthy clients. The investment strategy is tailored to each client's needs. For a new client, Innis has been authorized to invest up to $1.2 million in two investment funds: a stock fund and a money market fund. Each unit of the stock fund costs $50 and provides an annual rate of return of 10%; each unit of the money market fund costs $100 and provides an annual rate of return of 4%. The client wants to minimize risk subject to the requirement that the annual income from the investment be at least $60,000. According to Innis' risk measurement system, each unit invested in the stock fund has a risk index of 8, and each unit invested in the money market fund has a risk index of 3. The higher risk index associated with the stock fund simply indicates that it is the riskier investment. Innis's client also specified that at least $300,000 be invested in the money market fund. Refer to the computer solution shown below. Optimal…3. (Note: This is a variation of problem 6 of chapter 16 in your textbook.) Kenya and Dionne live on adjacent plots of land. Each has two potential uses for their land, the present values of each of which depend on the use adopted by the other, as summarized in the table. All the values in the table are known to both parties. Dionne Rental housing Bee keeping Kenya Apple growing A: $200 B: $700 A: $400 B: $650 Pig farming A: $450 B: $400 A: $450 B: $500 a. What is the efficient outcome? b. If there are negotiation costs of $150, what activities will the two pursue on their land? c. If there are no negotiation costs and the two negotiate, what activities will the two pursue on their land? How might a benevolent planner help reduce the costs of negotiating to encourage the optimal combination of land uses?Consider the following LP problem: Min 6X+ 27Y Subject to : 2 X + 9Y => 25, and X + Y <= 75. Pick a suitable statement for this problem: a. X=37.5, Y=37.5 is the only optimal solution. b. Optimal Obj. function value is 75 c. X = 0, Y = 0 is the only optimal solution. d. Optimal Obj. function value is 0
- Long-Life Insurance has developed a linear model that it uses to determine the amount of term life insurance a family of four should have, based on the current age of the head of the household. The equation is:y = 850 − .1xwherey = Insurance needed ($000)x = Current age of head of household a. Plot the relationship on a graph. b. Use the equation to determine the amount of term life insurance to recommend for a family of four if the head of the household is 30 years old.Use the information below to answer question 2x + 3y + 3z = 2 4x – 3y – 6z = 2 10x – 6y + 3z = 0 1. The determinant of the matrix is: A. -288 B. 144 C. -196 D. 306Martin owns an older home, which requires minor renovations. However, the neighborhood where Martin lives mostly includes newly constructed luxury homes. Why might Martin's home increase in value? Based on the principle of substitution, the value of Martin's house will equal the value of the newly constructed homes in the neighborhood. ○ The value of Martin's home will decrease due to the new competition in the neighborhood. Based on the principle of regression, the newly constructed homes in the neighborhood will increase the home values of the entire neighborhood. Based on the principle of progression, the newly constructed homes in the neighborhood will increase the home values of the entire neighborhood.
- 4 For each of the following, determine the direction in which the objective function increases: a z = 4x, - x2 b z = -x, + 2x2 C z = -x - 3x2Chikana Company produces and sells rattan baskets. The number of drifts produced are the corresponding total production costs for six months, which are representatives for the year, are as follows: Month Units Produced Production Costs P 4,000 8,000 6,000 7,500 8,500 7,250 April Мay 500 700 June 900 July August September 600 800 550 Required: Solve for the variable and fixed cost component using: a.) High- Low Method b.) Least- Squares RegressionA manager uses this equation to predict demand for landscaping services: Ft = 14 + 4t. Over the past eight periods, demand has been as follows: Period, t: 1 2 3 4 5 6 7 8 Demand: 20 25 25 35 35 40 45 50 Compute the tracking signals for Periods 1-8. (Negative values should be indicated by a minus sign. Round your intermediate calculations and final answers to 3 decimal places.) Period t Tracking Signal 1 2 3 4 5 6 7 8