
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
expand_more
expand_more
format_list_bulleted
Question
![Problem 2. You plan to sell k products to totally n1 + n2 customers in which customers 1,...,n1 are
from Town 1 and customers n1 + 1, …,n1 + n2 are from Town 2. In addition, as the products are very
'...
expensive, two customers will co-buy one produce, each getting 50% of the ownership. Due to
transportation reason, for each product, you have to sell it to two customers from the same town. It is
also assumed that each customer can buy at most three products (each with 50% of the ownership) and
that each product must be sold to exactly two customers. Let c;; be the price that customer i offers for
his/her 50% of the ownership for product j (i = 1, ..,n1 + n2;j = 1, …., k). Formulate the problem to
maximize your total revenue. Clearly define all the decision variables in the beginning of your solution.
[Hint: use one variable to denote the customer (selling product j to customer i ?) and another variable to
denote the town (selling product j to Town 1?)]](https://content.bartleby.com/qna-images/question/0e6ffa6d-d4e0-4034-adbc-4fc6b8056438/38daf8dc-34a9-4bf4-b558-2bf3a7da91b2/45x63qm_thumbnail.png)
Transcribed Image Text:Problem 2. You plan to sell k products to totally n1 + n2 customers in which customers 1,...,n1 are
from Town 1 and customers n1 + 1, …,n1 + n2 are from Town 2. In addition, as the products are very
'...
expensive, two customers will co-buy one produce, each getting 50% of the ownership. Due to
transportation reason, for each product, you have to sell it to two customers from the same town. It is
also assumed that each customer can buy at most three products (each with 50% of the ownership) and
that each product must be sold to exactly two customers. Let c;; be the price that customer i offers for
his/her 50% of the ownership for product j (i = 1, ..,n1 + n2;j = 1, …., k). Formulate the problem to
maximize your total revenue. Clearly define all the decision variables in the beginning of your solution.
[Hint: use one variable to denote the customer (selling product j to customer i ?) and another variable to
denote the town (selling product j to Town 1?)]
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by stepSolved in 2 steps with 1 images

Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Similar questions
- Suppose a certain manufacturing company produces connecting rods for 4- and 6-cylinder automobile engines using the same production line. The cost required to set up the production line to produce the 4-cylinder connecting rods is $2,400, and the cost required to set up the production line for the 6-cylinder connecting rods is $3,600. Manufacturing costs are $14 for each 4-cylinder connecting rod and $19 for each 6-cylinder connecting rod. Hawkins makes a decision at the end of each week as to which product will be manufactured the following week. If a production changeover is necessary from one week to the next, the weekend is used to reconfigure the production line. Once the line has been set up, the weekly production capacities are 5,000 6-cylinder connecting rods and 7,000 4-cylinder connecting rods. Let 56 = 1 if the production line is set up to produce the 6-cylinder connecting rods; 0 if otherwise (a) Using the decision variables x4 and s, write a constraint that limits next…arrow_forward23) Max and Jill both uses quarters to fill a parking meter. Max's parking meter is for 2 hours and Jill's parking meter is for 1 hour and 30 minutes. Max goes into a store and when he comes back, he sees that his parking meter has 4 of the time left. Jill goes for a run and when she comes back she sees that her parking meter has 4 of the time left. Who has more time left? By how many minutes?arrow_forwardA twenty-something single person is planning a ski vacation. Assume that he has 2 possible destinations: Utah, and Oregon. There are 4 ski areas in Utah with 4 available times for 3 of the areas, and 1 times for the other area. There are 4 ski areas in Oregon with 2 available times for 3 of the areas, and 4 times for the other area. (A "time" refers to a weekend for which there are vacancies at the ski lodge.) A trip plan involves the selection of a location, ski area, and a time. How many possible plans are there?arrow_forward
- Suppose a certain manufacturing company produces connecting rods for 4- and 6-cylinder automobile engines using the same production line. The cost required to set up the production line to produce the 4-cylinder connecting rods is $2,500, and the cost required to set up the production line for the 6-cylinder connecting rods is $3,900. Manufacturing costs are $13 for each 4-cylinder connecting rod and $16 for each 6-cylinder connecting rod. Hawkins makes a decision at the end of each week as to which product will be manufactured the following week. If a production changeover is necessary from one week to the next, the weekend is used to reconfigure the production line. Once the line has been set up, the weekly production capacities are 6,000 6-cylinder connecting rods and 8,000 4-cylinder connecting rods. Let x4 = the number of 4-cylinder connecting rods produced next week x6 = the number of 6-cylinder connecting rods produced next week s4 = 1 if the production line is set up to…arrow_forward6) Ronnie has two printing machines that print at different rates. Machine A prints 45 shirts every 5 minutes. Machine B prints 35 shirts every 15 minutes If he leaves the two machines printing for 2 hours. How many shirts would be printed by both machines?arrow_forwardA building company pays Rp. 100.000, - per day for 50 laden (staff without expertise), Rp. 150,000 to 25 craftsmen 1 (personnel who have expertise in installing ceramics), and Rp. 200.000, - for 25 craftsmen 2 (manpower who have expertise in wood and electricity). What is the average wage paid by the building company for the three types of employees.arrow_forward
- 10. The owner of a readymade garments store sells two types of shirts-Zee-shirts and Button-down shirts. He makes a profit of Rs.3 and Rs.12 per shirt on Zee-shirts and Button-down shirt, respectively. He has two tailors, A and B at his disposal to stitch the shirts. Tailors A and B can devote at the most 7 hours and 15 hours per day, respectively. Both these shirts are to be stitched by both the tailors. Tailors A and B spend 2 hours and 5 hours, respectively in stitching one Zee- shirts, and 4 hours and 3 hours, respectively in stitching a Button-down shirt. How many shirts of both types should be stitched in order to maximize daily profit? i) Formulate and solve this problem as an LP problem. ii) If the optimal solution is not integer-valued, use Gomory technique to derive the optimal integer solution.arrow_forwardSuppose that a computer supplier has two warehouse, one located in city A and another in city B. The supplier receives orders from two customers, one in city C and another in city D. The customer in city C orders 70 units, and the customer in city D orders 50 units. The number of units at the warehouse in city A is 80 and the number of units at the warehouse in city B is 90. The cost of shipping each unit from A to C is 1, from A to D is 2, from B to C is 3, from B to D is 2. Formulate the problem of deciding how many units from each warehouse should be shipped to each customer to minimize the total shipping cost.arrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
- MATLAB: An Introduction with ApplicationsStatisticsISBN:9781119256830Author:Amos GilatPublisher:John Wiley & Sons IncProbability and Statistics for Engineering and th...StatisticsISBN:9781305251809Author:Jay L. DevorePublisher:Cengage LearningStatistics for The Behavioral Sciences (MindTap C...StatisticsISBN:9781305504912Author:Frederick J Gravetter, Larry B. WallnauPublisher:Cengage Learning
- Elementary Statistics: Picturing the World (7th E...StatisticsISBN:9780134683416Author:Ron Larson, Betsy FarberPublisher:PEARSONThe Basic Practice of StatisticsStatisticsISBN:9781319042578Author:David S. Moore, William I. Notz, Michael A. FlignerPublisher:W. H. FreemanIntroduction to the Practice of StatisticsStatisticsISBN:9781319013387Author:David S. Moore, George P. McCabe, Bruce A. CraigPublisher:W. H. Freeman

MATLAB: An Introduction with Applications
Statistics
ISBN:9781119256830
Author:Amos Gilat
Publisher:John Wiley & Sons Inc

Probability and Statistics for Engineering and th...
Statistics
ISBN:9781305251809
Author:Jay L. Devore
Publisher:Cengage Learning

Statistics for The Behavioral Sciences (MindTap C...
Statistics
ISBN:9781305504912
Author:Frederick J Gravetter, Larry B. Wallnau
Publisher:Cengage Learning

Elementary Statistics: Picturing the World (7th E...
Statistics
ISBN:9780134683416
Author:Ron Larson, Betsy Farber
Publisher:PEARSON

The Basic Practice of Statistics
Statistics
ISBN:9781319042578
Author:David S. Moore, William I. Notz, Michael A. Fligner
Publisher:W. H. Freeman

Introduction to the Practice of Statistics
Statistics
ISBN:9781319013387
Author:David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:W. H. Freeman