1. How many corner points exist for the feasible solution? 2. One corner point does NOT lie on the x or y axis, what is the x-value of this corner point?
Q: A product can be produced on four different machines. Each machine has a fixed setup cost, variable…
A: Binary linear programming (BIP) is a part of linear programming. BIP restricts the decision…
Q: Your objective function is the following MAX 15 A + 10 B Find the endpoints for an iso-profit line…
A: Given - Objective function - MAX 15A + 10B An iso-profit line of $600
Q: Formulate a mixed-integer programming model that could be used to help Mtartin-Beck determine which…
A: From the given data: Objective function: Zmin=…
Q: The feasible region is the area represented by the letter F. Which of the constraints is redundant?…
A: Redundant constraints: It means a constraint that does not contribute to the border of the feasible…
Q: The aim of the objective function for Chris Beehner Company should be to the objective value.…
A: Linear programming is a mathematical technique that is also used in operations management…
Q: Company XYZ is a farming company. The company are famous for producing strawberries and blueberries.…
A: For this question, we would calculate the break-even quantities for the boxes of blueberries. Here,…
Q: Optimal Lot Size problem: A meat packing firm estimates that it will sell 10,000 tons of beef during…
A: The optimal lot size is the ideal quantity of resources that the company should buy to reduce the…
Q: a. How many decision variables will the linear programming model include? Number of decision…
A: Linear programming is a mathematical technique that is also used in operations management…
Q: Find the values of x1 and x2 where the following two constraints intersect. (Neg Round your answers…
A: Below is the solution:-
Q: I’ve been able to find the optimal solution and resulting profit with excel solver. But can’t figure…
A: Decision variables: As given in the question write-up, the decision variables are xi. If xi=1, the…
Q: Consider the following Pareto maximization problem with decision variables x and y: vmax (x2 + x, -…
A: VMax ( x^2 + x , -2y ) Now, (x) is Positive, hence its value must be as higher as much possible to…
Q: A firm produces two types of products P and Q through two processes, viz., Foundary and Machine…
A: Maximize profit Z = 50P + 40Q subject to Foundry constraints 10P + 6Q <= 1000 Machine…
Q: Heller Manufacturing has two production facilities that manufacture baseball gloves. Production…
A: Given data: TCD(X) = X2-X+3 TCH(Y)=Y2+2Y+2 5000 gloves per week production
Q: Refer to the Factory-to-Six-Customers problem and start with the original information. Each customer…
A: initial case
Q: 1-18 Katherine D'Ann is planning to finance her college education by selling programs at the…
A: Given- Selling Price =$5Fixed cost =$400Variable cost =$3Fee =$1000
Q: Define n/n problem with a suitable practical example
A: Note: Since you have posted multiple independent questions in the same request, we will solve the…
Q: Why Modifying the objective function is required?
A: Organizational objectives are the goals and aim that an organization aims to achieve. Change is…
Q: Shivani founded a company that specializes in hànd-crafted wooden fürniture. She is planning to…
A: Decision Variable: Suppose-T be the no. of the dining tables to be producedC be the no. of the…
Q: a. What is the optimal value of x?
A: A linear equation using to find the optimal value of a problem. Minimizing the C indicating the…
Q: What function does linear programming play in OR?
A: The application of modern mathematical science techniques to complex problems involving the…
Q: A firm has prepared the following binary integer program to evaluate a number of potentia goal is to…
A:
Q: SUPPOSE THAT THE OPPORTUNITY COST OF A MINIMIZATION ASSIGNMENT PROBLEM BECOMES II IV A. 4 3 10 B 4 2…
A:
Q: Write the objective What is the objective function value at optimal point? Identify the sensitivity…
A: As per our policy we will be answering you the first three questions.Please post the remaining…
Q: The cost per day of running a hospital is 200,000 +0.5x2 dollars, where x is the number of patients…
A: Given: 1. Cost per day for the hospital is of the form 200,000+0.5x² patients where x is the number…
Q: Use Excel to solve the linear program, optimal solution and objective function value. A political…
A: S = Number of small signs placed by the roadside L = Number of large signs placed by the roadside B…
Q: B. Find the optimal solution of the PL model! Use the same variable name (consistent) as you used in…
A: B.
Q: Miller-Orr model to manage its cash investment. Seminole’s management has determined that the cost…
A: The question is related to the Miller-Orr model of Cash management. This approach allows lower and…
Q: 1. Cox Electric makes electronic components and has estimated the following for a new design of one…
A: Given - Fixed cost = $24,375 Material cost per unit = $0.17 Labor cost per unit = $0.12 Revenue…
Q: a. Formulate a linear programming model for this problem. b. Solve this model by using graphical…
A: A linear programming method is used for the optimization of the operations while working under few…
Q: What is Linear programming model? * This is a required question What is Linear functions? * What is…
A: Linear programming modeling is a mathematical method used in operations management. It is an…
Q: A company manufactures dog leashes that sell for $18.64, including shipping and handling. The…
A: Given, Total revenue = $18.64*Q Fixed cost = $24,131 Total variable cost = 9.18*Q Total cost =…
Q: There are other details about the problem which will be added later. Giapetto started formulating a…
A: The answer is as below:
Q: 1. The optimal service level for this business is [ Select ] 2. Given this optimal service level,…
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: Problem 1 I'm tired of being a professor. My latest scheme to get rich quickly is to produce a…
A: Objective Functions and Constraints: Based on the given details, the objective…
Q: Cheen Corporation makes two products that are processed in two machines. The objective function and…
A: THE ANSWER IS AS BELOW:
Q: Referring to Exhibit 1, if the right-hand side of the Total Production Provided constraint changes…
A: The range of feasibility of the 'Total production provided' constraint is 50 to 125. It means that…
Q: b. If the unit profit for LaserStop is increased to $220, how will the optimal solution and profit…
A: Linear programming is a mathematical tool used to maximize or minimize the objective function under…
Q: Determine how many units should be produced each month to make it profitable to produce this…
A: Given, New product requires leasing cost of $20,000 per month. Production of $10 will incur for…
Q: What effect on the optimal solution (value of Z) ,if we change the profit of X3 from 6 to $3.8 ?
A: Since X3 is not one of the basis variable in the solution, changing the coefficient from 6 to 3.8…
Q: Which of the following recurrence relations might also be suitable to model demand and supply? A. o…
A: Recurrence relation is an equation that defines any sequence as the next term as a function of the…
Q: Which of the following linear programming model has bounded feasible region? O max z= 3x + 2y…
A: The question is related to Linear Programming.
Q: Assume that the Wisconsin Cheese Factory currently operates a large facility in Madison, WI. The…
A: risk avoidance
Q: There are 3 different fire alarm systems in the store. System A detects fire with a probability of…
A: In the question, we could see that there are three different fire alarm systems, these systems are…
Q: Based on the following sensitivity analysis, which of the following products would be considered…
A:
Q: (Linear Objective Function and Optimization Application) On a special occasion, renowned electronic…
A: x-number of televisions (TVs) that made a profit on the sale of each SONY TVs y-number of…
Q: 1. A manufacturer produces three different devices (device A, B and C) at two manufacturing…
A: Let M and E represent days at Monroe and Euclid plant respectively.
Q: A toy company makes stuffed animals. Their biggest sellers are their bunny (b) and dog (d)…
A: Objective Functions and Constraints: Based on the given details, the objective…
Trending now
This is a popular solution!
Step by step
Solved in 5 steps with 1 images
- Assume the demand for a companys drug Wozac during the current year is 50,000, and assume demand will grow at 5% a year. If the company builds a plant that can produce x units of Wozac per year, it will cost 16x. Each unit of Wozac is sold for 3. Each unit of Wozac produced incurs a variable production cost of 0.20. It costs 0.40 per year to operate a unit of capacity. Determine how large a Wozac plant the company should build to maximize its expected profit over the next 10 years.Formulate the situation as a system of inequalities. (Let x represent the number of dinghies the company can manufacture and y represent the number of rowboats.) A boat company manufactures aluminum dinghies and rowboats. The hours of metal work and painting needed for each are shown in the table, together with the hours of skilled labor available for each task. How many of each kind of boat can the company manufacture? (hours) Dinghy Rowboat Labor Available Metal Work 2 3 108 Painting 2 2 90 (labor for metal work) (labor for painting) x ≥ 0, y ≥ 0a. Which of the following best describes the meaning of the equation P(25) = 200? 1. When 200 calculators are sold, the profit is $25. II. When 200 calculators are sold, the profit is increasing at a rate of $25 per additional calculator III. When 25 calculators are sold, the profit is $200. IV. When 25 calculators are sold, the profit is increasing at a rate of $200 per additional calculato
- each company sinks wells of the same size at the same time. If both companies sink wide wells, each will extract 2 million barrels in 6 months, but each company will receive profit of only GHC 1 million. On the other if each company sinks a narrow well, it will take a year for Clampett and TEXplor to extract their respective shares, but their profits will be GHC14 million apiece. Finally, if one company drills a wide well while the other company drills a narrow well, the first company will extract 3 million barrels and the second company will extract only 1 million barrels. In this case, the first company will earn profits of GHC 16 million and the second company will actually lose GHC 1million.1. Illustrate this using a normal form game. 2. Does either firm have a strictly dominant strategy? If yes, what is (are) these strategies? Explain your answer. 3. What strategy will each firm adopt? Explain your answer. 4. Does this game have a Nash equilibrium? Explain your answer5. Is…Long-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 = 850 − .1xwherey = Insurance needed ($000)x = Current age of head of household a. Plot the relationship on a graph. b. Use the equation to determine the amount of term life insurance to recommend for a family of four if the head of the household is 30 years old.. A group of students organizes a bake sale in which they sell hundreds of cookies at $1per piece. They set up a table on campus and wait for students to come and purchasetheir cookies. Consider the following variables in this bake sale operation:1. Size of the cookies2. Weather conditions on campus3. Organization of the table4. Number of cookies sold5. Competition from other fund-raisers coinciding on campus6. Amount of advertising and shouting of the students at the bake sale table7. Number of students on campus that dayWhich of these variables is an output variable?a. 3b. 4c. 5d. None of the above
- 4) The making of rivet holes in structural steel members can be done by 2 methods. The first method consists of laying out the position of the holes in the members and using a drill press costing P100k. The machinist is paid P60 per hour and he can drill 80 holes per hour. The second method makes use of a multiple-punch machine costing P80k. The punch operator is paid P40 an hour and he can punch out 1 hole for 3 seconds. This method also requires an expense of P1.25 per hole to set the machine. (a) if all other costs are assumed equal, what is the total cost for each machine for 10k holes, assuming the total cost of each machine to be charged to these holes? (b) for how many holes will the costs be equal?Suppose X1 and X2 are defined as: X1 =number of tables to produce, X2 =number of chairs to produce. Answer the following questions: (a) Write an expression representing total number of tables and chairs to be produced in terms of X1 and X2. (b) Suppose a table generates $28 of profit, and a chair generates $24 of profit. What is the expression representing the total profit of X1 tables and X2 chairs? (c) Suppose a table takes 3.3 hours of carpentry and 2.7 hours of painting. What is the expression representing total number of painting hours to be used for producing X1 tables? (d) Suppose a table takes 3 hours of carpentry, a chair takes 2 hours of carpentry, and there are 400 hours of carpentry available. Use a constraint to represent “The total carpentry hours to be used should be no more than the available carpentry hours.” (e) Use a constraint to represent “At least 34 chairs must be produced”; (f) Use a constraint to represent “No more than 380 chairs will be produced.” (g) Use a…A firm that plans to expand its product line must decide whether to build a small or a large facilityto produce the new products. If it builds a small facility and demand is low, the net present valueafter deducting for building costs will be $400,000. If demand is high, the firm can either maintainthe small facility or expand it. Expansion would have a net present value of $450,000, and maintaining the small facility would have a net present value of $50,000.If a large facility is built and demand is high, the estimated net present value is $800,000. If demandturns out to be low, the net present value will be – $10,000.The probability that demand will be high is estimated to be .60, and the probability of low demandis estimated to be .40.a. Analyze using a tree diagram.
- A firm that plans to expand its product line must decide whether to build a small or a large facilityto produce the new products. If it builds a small facility and demand is low, the net present valueafter deducting for building costs will be $400,000. If demand is high, the firm can either maintainthe small facility or expand it. Expansion would have a net present value of $450,000, and maintaining the small facility would have a net present value of $50,000.If a large facility is built and demand is high, the estimated net present value is $800,000. If demandturns out to be low, the net present value will be – $10,000.The probability that demand will be high is estimated to be .60, and the probability of low demandis estimated to be .40. 1- Compute the EVPI 2- Determine the range over which each alternative would be best in terms of the value of P ( low demand )Consider the following LP problem: Min 6X+ 27Y Subject to : 2 X + 9Y => 25, and X + Y <= 75. Pick a suitable statement for this problem: a. X=37.5, Y=37.5 is the only optimal solution. b. Optimal Obj. function value is 75 c. X = 0, Y = 0 is the only optimal solution. d. Optimal Obj. function value is 0Chikana Company produces and sells rattan baskets. The number of drifts produced are the corresponding total production costs for six months, which are representatives for the year, are as follows: Month Units Produced Production Costs P 4,000 8,000 6,000 7,500 8,500 7,250 April Мay 500 700 June 900 July August September 600 800 550 Required: Solve for the variable and fixed cost component using: a.) High- Low Method b.) Least- Squares Regression