Spreadsheet Modeling & Decision Analysis: A Practical Introduction to Business Analytics (MindTap Course List)
8th Edition
ISBN: 9781305947412
Author: Cliff Ragsdale
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 2, Problem 6QP
Summary Introduction
To solve: The given problem graphically using corner points.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
4 For each of the following, determine the direction in
which the objective function increases:
a z = 4x, - x2
b z = -x, + 2x2
C z = -x - 3x2
Scenario
You are going to plant a rectangular flower bed consisting of tulips in the middle surrounded by daisies on the outside. You have the same amount of each flower and will need an equal area for each. You want the border of daisies to be uniform around the tulips in the middle, as shown in the diagram below:
What combination of x and y will yield the optimum for this problem?
Maximize Z = $3x + $15y
Subject to:
Multiple Choice
x= 0, y=4
x= 0, y=3
x= 0, y=0
x= 2y=0
O x=1,y=25
2x + 4y ≤ 12
5x + 2y ≤ 10
Chapter 2 Solutions
Spreadsheet Modeling & Decision Analysis: A Practical Introduction to Business Analytics (MindTap Course List)
Ch. 2 - Prob. 1QPCh. 2 - Prob. 2QPCh. 2 - Prob. 3QPCh. 2 - Prob. 4QPCh. 2 - Prob. 5QPCh. 2 - Prob. 6QPCh. 2 - Prob. 7QPCh. 2 - Prob. 8QPCh. 2 - Prob. 9QPCh. 2 - Prob. 10QP
Ch. 2 - Prob. 11QPCh. 2 - Prob. 12QPCh. 2 - Prob. 13QPCh. 2 - Prob. 14QPCh. 2 - Prob. 15QPCh. 2 - Prob. 16QPCh. 2 - Prob. 17QPCh. 2 - Prob. 18QPCh. 2 - American Auto is evaluating their marketing plan...Ch. 2 - Prob. 20QPCh. 2 - Prob. 21QPCh. 2 - Prob. 22QPCh. 2 - Prob. 23QPCh. 2 - Prob. 24QPCh. 2 - Prob. 25QPCh. 2 - Prob. 26QPCh. 2 - Prob. 1.1CCh. 2 - Prob. 1.2CCh. 2 - Prob. 1.3CCh. 2 - Prob. 1.4CCh. 2 - Prob. 1.5CCh. 2 - Prob. 1.6CCh. 2 - Prob. 1.7CCh. 2 - Prob. 1.8CCh. 2 - Prob. 1.9CCh. 2 - Prob. 1.10C
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.Similar questions
- Show that any 2 *2 matrix A that does not have aninverse will have det A= 0.arrow_forwardSolve the following problem using Simplex Method and find the P value. Maximize: P = 3x + 4y subject to: x+ y 0arrow_forwardSolve 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 Itarrow_forward
- FIND THE OPTIMUM SOLUTION TO X= Y= MAX Z=arrow_forwardThe captain of a cricket team has to allot five middle batting positions to five batsmen. The average runs scored by each batsman at these positions are as follows: Batsman Batting position IV V P 40 40 40 35 25 50 Q 42 30 16 25 27 R 50 48 40 60 50 S 20 19 20 18 25 T 58 60 59 55 53 • Batsmen 'U' with the following average runs in batting positions as given below: Batting position IV V Average runs 45 52 38 50 49arrow_forwardFind solution using Two-Phase Method Minimize z = 4x1 + x2 subject to 3x1 + x₂ = 3 4x1 + 3x2 ≥ 6 x1 + 2x₂ ≤ 4 x1, x2 > 0arrow_forward
- 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 ≥ 0arrow_forwardIn 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 nothingarrow_forwardA survey was conducted to 12 first time voters on their preferred candidate. The results are: BBM, BBM, LR, IM, PL, PL, IM, IM, BBM, BBM, LR, LR. Which statement is true?   The Borda score of PL is two points.  BBM wins by plurality method.  The Condorcet winner is IM.  The modes are LR and IM Which of the following is a property of all linear programming problems?  alternate courses of action to choose from              minimization of some objectives  a computer program                                                      usage of graphs in the solutionarrow_forward
- 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, 200 and 260, respectively were sold in fall, 340 and 300 in winter, 150 and 175 in spring, and 300 and 275 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 Fall Demandarrow_forwardQ1 Find the best solution for the following model using simplex MAX Z = 10X1 + 8X2 SUB TO: 4X1 + 2X2 < 80 X1 + 2X2 < 50 X1 2 0,X2 2 0arrow_forwardLong-Life Insurance has developed a linear model that it uses to determine the amount of term life Insurance a family of four should have, based on the current age of the head of the household. The equation is: y=150 -0.10x where y= Insurance needed ($000) x = Current age of head of household b. Use the equation to determine the amount of term life Insurance to recommend for a family of four of the head of the household is 40 years old. (Round your answer to 2 decimal places.) Amount of term life insurance thousandsarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Practical Management ScienceOperations ManagementISBN:9781337406659Author:WINSTON, Wayne L.Publisher:Cengage,
Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,