Graph the feasible region for the optimization model and the following constraints: Optimization model: Max P=30X +20 Y Constraints: 2X + Y <= 1000 (decorating hours) X+Y<= 800 (baking hours) X <= 400 ( market demand) X>= 0 Y>=0
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Graph the feasible region for the optimization model and the following constraints:
Optimization model:
Max P=30X +20 Y
Constraints:
2X + Y <= 1000 (decorating hours)
X+Y<= 800 (baking hours)
X <= 400 ( market demand)
X>= 0
Y>=0
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- Calculating outcomes as equally likely would BEST describe: O a. Maximax criterion O b. Laplace criterion O c. Regret criterion Od. Maximin criterion Determining the average payoff for each alternative and choosing the one with the BEST payoff is the approach called: ea, maximax O b. minimax regret O c. laplace Od maximin MFind decision variables, objective function, constraints and non-negativity constraints An auto company manufactures cars and trucks. Each vehicle must be processed in the paint shop and body assembly shop. If the paint shop were only painting trucks, 40 per day could be painted. If the paint shop were only painting cars, 60 per day could be painted. If the body shop were only producing cars, it could process 50 per day. If the body shop were only producing trucks, it could process 50 per day. Each truck contributes $300 to profit and each car contributes $200 to profit. In addition, the auto company can produce at most 30 trucks and 20 cars. The company wants to determine the daily production schedule that will maximize the company’s profit. Formulate the LP model for the problem.Millie wants to install a new carpet in the living room of her house. She calculated the square footage of the room and then multiplied it by a set cost factor to estimate the cost. This is an example of_________ Group of answer choices Parametric estimating Three-point estimating Bottom-up estimating Analogous estimating
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- In the past, Peter Kelle's tire dealership in Baton Rouge sold an average of 1,000 radials each year. In the past 2 years, 220 and 250, respectively were sold in fall, 360 and 320 in winter, 145 and 175 in spring, and 300 and 230 in summer. With a major expansion planned, Kelle projects sales next year to increase to 1,200 radials. Based on next year's projected sales, the demand for each season is going to be (enter your responses as whole numbers): Season Demand Fall nothingCompare interior-point algorithms with the simplex method?(Use output ranges of 2000, 4000, 6000, 8000 etc. and intervals of $50,000 on the Y axis. Output X Location A Location B Location B Location D 2 000 120 000 120 000 130 000 150 000 4 000 180 000 160 000 160 000 170 000 6 000 240 000 200 000 190 000 190 000 8 000 300 000 240 000 220 000 210 000 10 000 360,000 280 000 250 000 230 000 12 000 420 000 320 000 280 000 250 000 14 000 480,000 360 000 310,000 270 000 16 000 540 000 400 000 340 000 290 000 18 000 600 000 440 000 370 000 310 000 20 000 660 000 480 000 400 000 330 000 Over what range of output is location A the most preferred location? 2. Over what range of output is location B the most preferred location? 3.Over what range of output is location C the most preferred location?