An optimal solution to a linear programmingproblem can be found at an extreme point of the feasible region forthe problem. True or false
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An optimal solution to a linear programmingproblem can be found at an extreme point of the feasible region forthe problem.
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- DEFINE Convex piecewise-linear functionsIn problems involving maximization and minimization, what is the objective function? States intended outcome in equation form Incorporates constraint of maximum budget Lists set of potential restrictions on the solution Cites constraints to ensure objectivityFor the remaining questions, consider the following problem description: An oil company is considering exploring new well sites S₁, S2, ..., S10 with respective costs C1, C2, C10. And in particular they want to find the least-cost selection of 5 out of the 10 possible sites. The binary decision variables x₁,x2,..., X10 denote the decision to explore the corresponding site.
- Solve the following Linear Programming model using the graphical method (USING EXCEL){Write the steps of construction} Q1)MaximizeH = x + 3y Objective functionsubject tox + y ≤ 502x + y ≤ 60 x ≥ 0, y ≥ 0Facility Location. A paper products manufacturer has enough capital to build and manage some additional manufacturing plants in the United States in order to meet increased demand in three cities: New York City, NY; Los Angeles, CA; and Topeka, KS. The company is considering building in Denver, CO; Seattle, WA; and St. Louis, MO. Max Operating Capacity 400 tons/day 700 tons/day Denver Seattle $10/ton $17/tor $5/ton $11/ton.... $18/ton.... $28/ton Los Angeles Topeka New York City Figure 1: Graphical representation of the given data = • The cost fi of building plants in these cities is fi $10,000,000 in Seattle. Unmet Demand 300 tons/day 100 tons/day 500 tons/day • Due to geographic constraints, plants in Denver and Seattle would have a maximum operating capacity kį of 400 tons/day and 700 tons/day respectively. $5,000,000 in Denver and f2 = • The cost cij per ton of transporting paper from city i to city j is outlined in Figure 1. • The unmet demand d, for Los Angeles, Topeka, and New…Find the dual of the problem.
- Combined-cycle power plants use two combustion turbines to produce electricity. Heat from the first turbine’s exhaust is captured to heat waterand produce steam sent to a second steam turbine that generates additional electricity. A 968-megawatt combined-cycle gas fired plant can be purchased for $450 million, has no salvage value, and produces a net cash flow(revenues less expenses) of $50 million per year over its expected 30-year life. Solve, a. If the hurdle rate (MARR) is 12% per year, how profitable an investment is this power plant? b. What is the simple payback period for the plant? Is this investment acceptable?Solve the linear programming problem by the method of corners. Maximize P= x + 6y subject to x + y s4 2x + y s6 x 2 0, y 20 The maximum is P = at (x, y) = Need Help? Read ItFind solution using Two-Phase Method Minimize z = 4x1 + x2 subject to 3x1 + x₂ = 3 4x1 + 3x2 ≥ 6 x1 + 2x₂ ≤ 4 x1, x2 > 0