2) Model the following problem with integer programming. Breezy Airlines is considering the purchase of new long-, medium-, and short-range planes. The costs would be: $67M per long-range plane; $51M per medium-range plane; and $35M per short-range plane. The board of directors has authorized a maximum commitment of $1.4 billion for these purchases. The estimated net annual profit (including capital recovery costs) is $4.2M per long-range plane, $3M per medium-range plane, and $2.3M per short-range plane. Furthermore, they will be able to train enough pilots to crew 30 new airplanes (of any kind).
2) Model the following problem with integer programming. Breezy Airlines is considering the purchase of new long-, medium-, and short-range planes. The costs would be: $67M per long-range plane; $51M per medium-range plane; and $35M per short-range plane. The board of directors has authorized a maximum commitment of $1.4 billion for these purchases. The estimated net annual profit (including capital recovery costs) is $4.2M per long-range plane, $3M per medium-range plane, and $2.3M per short-range plane. Furthermore, they will be able to train enough pilots to crew 30 new airplanes (of any kind).
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter9: Decision Making Under Uncertainty
Section: Chapter Questions
Problem 30P
Related questions
Question
![2).
Model the following problem with integer programming. Breezy Airlines is considering
the purchase of new long-, medium-, and short-range planes. The costs would be: $67M per
long-range plane; $51M per medium-range plane; and $35M per short-range plane. The board
of directors has authorized a maximum commitment of $1.4 billion for these purchases. The
estimated net annual profit (including capital recovery costs) is $4.2M per long-range plane, $3M
per medium-range plane, and $2.3M per short-range plane. Furthermore, they will be able to train
enough pilots to crew 30 new airplanes (of any kind).](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffd463208-9981-4de8-aaa3-c51f9460da62%2Fab2c9271-e8c8-4dbb-9f14-a96f94a3bfb0%2Fwtzesjq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:2).
Model the following problem with integer programming. Breezy Airlines is considering
the purchase of new long-, medium-, and short-range planes. The costs would be: $67M per
long-range plane; $51M per medium-range plane; and $35M per short-range plane. The board
of directors has authorized a maximum commitment of $1.4 billion for these purchases. The
estimated net annual profit (including capital recovery costs) is $4.2M per long-range plane, $3M
per medium-range plane, and $2.3M per short-range plane. Furthermore, they will be able to train
enough pilots to crew 30 new airplanes (of any kind).
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