L.P. Model: Minimize Subject to: Z = 4X+3Y 1X + 2Y 240 3X+1Y275 X,Y 20 On the graph on right, constraints C, and C₂ have been plotted. Using the point drawing tool, plot all the corner points for the feasible area. (C₁) (C₂) 100 90- 80- 70- C2 60- 50- 40+ 30- 20 10- 0- J. tet
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example 14a
1. plot all the corner points for the feasible area.
2. Find the optimum solution to
X=
Y=
VALUE Z=
Step by step
Solved in 3 steps with 3 images
- L.P. Model: Minimize Subject to: Z = 24X + 15Y 7X+11Y 288 16X+4Y≥64 X,Y 20 On the graph on right, constraints C, and C, have been drawn. Using the point drawing tool, plot all the corner points for the feasible area. (C₁) (C₂) 24- 22- 20- 18- 16- 14- 12- 104 8 6- 4- 2- 0+ 0 2 4 6 8 10 12 14 16 18 20 22 24 X Q S3) Maximize Z= 2x, +x2 +3x 3 X+x2+2x3 <25 + X3 5 8 X2+ x3 S10 X1, X2, X3 2 0 Subject to IMeExplain or define each of these terms:a. Laplace criterionb. Minimax regretc. Expected valued. Expected value of perfect information
- example 1a 1.plot all the corner points for the feasible area. 2. Find the optimum solution to X= Y= VALUE Z=L.P. Model: Minimize Subject to: Z = 15X+12Y 7X+11Y288 (C₂) (C₂) 16X+4Y280 X,Y 20 On the graph on right, constraints, C, and C₂ have been drawn. Using the point drawing tool, plot all the corner points for the feasible area. 24- 22- 20- 18- 16- 14- 12- 10 8- 64 4- 2- -N 10 12 14 16 18 20 22 24 X C G54|David is looking to purchase an old church building. He hires an appraiser to help determine the market value of the property. Why would the appraiser most likely value the property using the cost approach? O A church is a specialty building that will most likely not have any comparable properties. It is also not an income producing property, so the best method would be the cost approach. O The income capitalization approach should be used rather than the cost approach. O A church building will have at least three comparable properties to use to help determine the market value. O The church building will most likely have income, which when a capitalization rate is applied will help determine the market value
- A committee in charge of promoting a Ladies Professional Golf Association tournament is trying to determine how best to advertise the event during the two weeks prior to the tournament. The committee obtained the following information about the three advertising media they are considering using. Cost per Audience Reached per Advertisement Advertisement Category TV Radio Internet s.t. Priority Level 2 Goal Priority Level 3 Goal Goal 1: Reach at least 3.7 million people. Priority Level Goal TV limit X₁ <10 Radio limit X₂ ≤ 15 Internet limit X3 ≤18 The last column in this table shows the maximum number of advertisements that can be run during the next two weeks; these values should be treated as constraints. The committee established the following goals for the campaign. Priority Level 1 Goal Goal 1 200,000 Goal 2 50,000 Goal 3 100,000 X Goal 2: The number of television advertisements should be at least 30% of the total number of advertisements. ✓ $2,500 X $400 Goal 3: The number of radio…variables $E$11 47000 0 35 7.0000001 8.0000001 BO Constraints Final Shadow Constraint Allowable Allowable Cell Name Value Price R.H. Side Increase Decrease $B$16 LHS 55000 41 55000 10500 47000 $B$17 LHS 72000 35 72000 10500 47000 $B$18 LHS 80000 -8 80000 47000 10500 10500 $B$19 LHS 47000 0 57500 1E+30 The answers to the questions are found in this sensitivity report. Questions: Write your responses in the space provided 1. What is the range of optimality for the BN and BO variables? write your answers in this format: Lower limit <= Coefficient of BN <= Upper limit. Example 22 <= C of BN <= 40 2. What is the range of feasibility for the constraints located on B17 and B18? 3. If the right-hand side of the constraint located on B17 is decreased by 200, what is the effect on the value of the objective function?1. Given the LP model below. Do the following: a. Formulate the new LP model. b. Set up the initial table then identify the optimum column, pivotal row, entering variable out, going variable, Zj row entries, and Cj n-Zj row entries Maximize eamings = $0.80xX₁ + $0.40X₂ + $1.20X3 - $0.10X4 subject to X₁ + 2X₂ + X3 + 5X₁150 X₂ 4X₂ + 8X₂ = 70 6X₁ + 7X₂ + 2X3 - X₂ 120 X₁, X₂, X₁, X₁Z 0