A simplified economy involves just three commodity categories agriculture, manufacturing, and transportation, all in appropriate units.Production of 1 unit of agriculture requires 1/5 unit of manufacturing and 1/3 unit of transportation; production of 1 unit of manufacturingrequires 1/3 unit of agriculture and 1/3 unit of transportation; and production of 1 unit of transportation requires 1/4 unit of agriculture and1/3 unit of manufacturing. If the demand is 624 units of each commodity, how many units of each commodity should be produced?Find the input-output matrix, A, and the demand matrix, D, for this economy.The input-output matrix is(Type an integer or fraction for each matrix element.)

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Answered: A simplified economy involves just…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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A company wishes to produce two types of souvenirs: Type A and Type B. Each Type A souvenir will result in a profit of $1, and each Type B souvenir will result in a profit of $1.20. To manufacture a Type A souvenir requires 2 minutes on Machine I and 1 minute on Machine II. A Type B souvenir requires 1 minute on Machine I and 3 minutes on Machine II. There are 3 hours available on Machine I and 5 hours available on Machine II. (a) The optimal solution holds if the contribution to the profit of a Type B souvenir lies between $ 48 X and $ 96 X. (Enter your answers from smallest to largest.) (b) Find the contribution to the profit of a Type A souvenir (with the contribution to the profit of a Type B souvenir held at $1.20), given that the optimal profit of the company will be $196.80. $2 (c) What will be the optimal profit of the company if the contribution to the profit of a Type B souvenir is $1.50 (with the contribution to the profit of a Type A souvenir held at $1.00)? $168
A company wishes to produce two types of souvenirs: Type A and Type B. Each Type A souvenir will result in a profit of $1, and each Type B souvenir will result in a profit of $1.20. To manufacture a Type A souvenir requires 2 minutes on Machine I and 1 minute on Machine II. A Type B souvenir requires 1 minute on Machine I and 3 minutes on Machine II. There are 3 hours available on Machine I and 5 hours available on Machine II. (a) The optimal solution holds if the contribution to the profit of a Type B souvenir lies between $ and $ . (Enter your answers from smallest to largest.)(b) Find the contribution to the profit of a Type A souvenir (with the contribution to the profit of a Type B souvenir held at $1.20), given that the optimal profit of the company will be $208.80.$ (c) What will be the optimal profit of the company if the contribution to the profit of a Type B souvenir is $2.00 (with the contribution to the profit of a Type A souvenir held at $1.00)?$
There are three factories located at AR, IN, and TX respectively. From these locations, a certain commodity is to be delivered to each of the two warehouses situated at A and B. The revenue per commodity item is $10. The weekly demand of the warehouse A and B are respectively 50 and 35 units of the commodity while the production capacity of the factories at AR, IN, and TX are respectively 28, 22, and 35 units. The cost of transportation per unit is given as belows. Cost Warehouse A Warehouse B AR 5 3 IN 6 6 TX 2 4 To maintain a good relationship with all the factories, warehouse B requires that it receives at least 40% of its product from factory in TX. Realize that it is making good profit in warehouse A, AR requires that at least 35% of its product shipped to warehouse A. Formulate (without solving) a linear programming problem to maximize the profit.
A company uses four special tank trucks to deliver four different gasoline products to customers. Eachtank has five compartments with capacities: 500, 750, 1200, 1500, and 1750 gallons. The daily demands forthe four products are 10000, 15000, 12000, and 8000 gallons. Any quantities that cannot be delivered by thecompany’s four trucks must be subcontracted at the additional costs of 5, 12, 8, and 10 cents per gallon forproducts 1, 2, 3, and 4, respectively. The goal is to develop the optimal daily loading schedule for the fourtrucks that will minimize the additional cost of subcontracting. Formulate this problem as an integer linearprogram, and solve it using linear program solver.
XYZ Corporation operates two plants, each of which has a capacity of 200 units per day. Each day, XYZ must ship their product to each of four customers. Customers A, B, and C each have a demand of 17 units per day while customer D has a demand of 349 units per day. The cost of shipping one unit of each product from each of the two plants to each of the customers is shown in the table below. Customer A Customer B Customer C Customer D Plant 1 25 19 12 14 Plant 2 15 21 23 20 How many units should XYZ ship from each plant to each customer?
A company is dedicated to the production of different vegetable-flavored milks. Currently the company produces two types of milk: almond and coconut, which it sells at $ 5,000 and $ 2,000 / liter respectively. Milk production is subject to the use of machine hours in the production plant and of water as a fundamental resource. It takes 1 machine-hour and 2 liters of water to produce 1 liter of almond milk, while it takes 3 machine-hours and 1 liter of water to produce 1 liter of coconut milk. The company currently has 100 machine-hours and 50 liters of water to make the milk, and it is also required to make at least 30 liters of milk in total. 1. Set up the linear programming model in standard format.2. Determine all the basic solutions to the problem. Identify which ones are feasible and which ones are not. Analyze what happens graphically.3. Determine an initial feasible basic solution using phase I. In each iteration, write the resulting model in dictionary format and analyze what…
A mining company owns two mines. These mines produce an ore that can be graded into two classes: regular grade and low grade. The company must produce at least 420 tons of regular - grade and 520 tons of low-grade ore per week. The first mine produces 6 tons of regular - grade and 18 tons of low-grade ore per hour. The second mine produces 18 tons of regular - grade and 9 tons of low-grade ore per hour. The operating cost of the first mine is $7000 per hour, and the operating cost of the second mine is $ 22,000 per hour. The first mine can be operated no more than 37 hours a week, and the second mine can be operated no more than 28 hours a week. How many hours per week should each mine be operated to minimize the cost?

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