The table below represents the sensitivity report of a profit maximization problem with possible activities X1 and X2, which are constrained by resources C1, C2, and C2. 6 Variable Cells 7 8 9 10 11 12 Constraints 13 14 15 Cell Name $B$2 Activity Levels X1 $C$2 Activity Levels X2 16 17 10 Cell $D$6 C1 LHS $D$7 C2 LHS $D$8 C3 LHS Name True False Final Reduced Objective Allowable Allowable Value Cost Coefficient Increase Decrease 4 4 0 0 16 20 4 Final Shadow Constraint Value Price R.H. Side 2 5 0 0.5 4.5 18 1E+30 Allowable Allowable Increase Decrease 1E+30 16 2 4.5 20 20 4 1.454545455 4 16 4 If the company is offered 10 additional units of the resource represented by constraint 2 (C2) at a total cost of 10 dollars they should make that purchase.
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- c. From the following decision tree, develop a payoff table and calculate: * Maximax, Minimax regret, Maximin, and EMV. ORs. 50,000 Good conditions (0.60) Poor conditions (0.40) -O Rs. 30,000 Apartment Building Good conditions (0.60) O Rs. 100,000 Office building Poor conditions (0.40) Purchase ORs -40,000 Warchouse Good conditions (0.60) Rs.30, 000 Poor conditions (0.40) O Rs. 10,000A goldsmith makes two types of jewelry. A model A ring is made with 1 g of gold and 1.5 g of silver and sells for 25 UM.Another model B ring sells for 30 UM and is made of 1.5 g of gold and 1 g of silver. If you only have 750 gof each metal, how many rings should be made of each type to obtain maximum profit?Requested:- Make Initial Table of the problem.- Obtain the Case Variables- Obtain the Objective Function- Get Restrictions- Create the Simplex Table- Obtain the Optimal Solution and the Slack Variables.Solve this operational research exercise.I want to answer to solve ㅠㅠㅠㅠ. Q1. A builder has located a piece of property that she would like to but and eventually build on. The land is currently zoned for four homes per acre, but she is planning to request new zoning. What she builds depends on approval of zoning requests and your analysis of this problem to advise her. With her input and your help, the decision process has been reduced to the following costs, alternatives, and probabilities Cost of land $2 MillionProbability of rezoning .6If the land is rezoned, there will be additional costs for new roads, lighting, and so on of $1 million. If the land is rezoned, the contractor must decide whether to build a shopping center or 1,500 apartments that the tentative plan shows would be possible. If she builds a shopping center, there is a 70% chance that she can sell the shopping center to a large department store chin for $4 million over her construction cost, which excludes the land; and there is a 30% chance that she can…
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- At a hydrocarbon processing factory, process control involves periodic analysis of samples for a certain process quality parameter. The analytic procedure currently used is costly and time consuming. A faster and more economical alternative procedure has been proposed. However, the numbers for the quality parameter given by the alternative procedure are somewhat different from those given by the current procedure, not because of any inherent errors but because of changes in the nature of the chemical analysis. Management believes that if the numbers from the new procedure can be used to forecast reliably the corresponding numbers from the current procedure, switching to the new procedure would be reasonable and cost effective. The following data were obtained for the quality parameter by analyzing samples using both procedures: Current (Y) 2.9 3.0 3.3 3.6 4.0 2.7 3.1 Proposed (X) 3.0 3.8 3.5 4.0 3.7 3.6 3.7 Current (Y) 3.1 2.9 3.3 2.9 2.1 3.2 2.8 The increases in X mostly result in how…At a hydrocarbon processing factory, process control involves periodic analysis of samples for a certain process quality parameter. The analytic procedure currently used is costly and time consuming. A faster and more economical alternative procedure has been proposed. However, the numbers for the quality parameter given by the alternative procedure are somewhat different from those given by the current procedure, not because of any inherent errors but because of changes in the nature of the chemical analysis. Management believes that if the numbers from the new procedure can be used to forecast reliably the corresponding numbers from the current procedure, switching to the new procedure would be reasonable and cost effective. The following data were obtained for the quality parameter by analyzing samples using both procedures: TTTT Current (Y) Proposed (X) 3.2 Current (Y) Proposed (X) 3.1 2.8 3.1 3.7 3.8 2.6 3.0 2.8 3.6 3.5 3.3 3.6 4.0 3.4 4.0 3.6 3.7 2.1 2.6 2.7 3.6 3.2 3.2 3.3 3.5…At a hydrocarbon processing factory, process control involves periodic analysis of samples for a certain process quality parameter. The analytic procedure currently used is costly and time consuming. A faster and more economical alternative procedure has been proposed. However, the numbers for the quality parameter given by the alternative procedure are somewhat different from those given by the current procedure, not because of any inherent errors but because of changes in the nature of the chemical analysis. Management believes that if the numbers from the new procedure can be used to forecast reliably the corresponding numbers from the current procedure, switching to the new procedure would be reasonable and cost effective. The following data were obtained for the quality parameter by analyzing samples using both procedures: TTTT Current (Y) Proposed (X) 3.2 Current (Y) 3.1 Proposed (X) 3.1 2.8 3.7 3.8 2.6 3.0 2.8 3.6 3.5 4.0 3.7 3.3 3.6 3.4 4.0 3.6 2.1 2.6 2.7 3.6 3.2 3.2 3.3 3.5…