Exercise 2.2In a transport company, 6 trucks of Type 1, 10 trucks of Type 2 and 8 trucks ofType 3 are available for each day's requirements. The tonnage capacities are 16 for Type 1, 12for Type 2 and 9 for Type 3.The company dispatches its trucks to Cities A and B.Tonnage requirements are 20 at City A and 30 at City B;excess tonnage capacity supplied to a city has no value.Considering the distances, it is possible for the trucks to goonly once to the destinations everyday. The cost of sendinga truck to each city is given in TableFormulate this problem as a linear programming problem.TableCity ACity BCost of Sending TrucksType 1Type 2Type 3200018001200300024002200

Let A1 be the number of type 1 trucks transported to City A Let A2 be the number of type 2 trucks…

Answered: Formulate this problem as a linear…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Problem 2: Applications of Linear Programming: Visa Inc. Stock sells for $92 a share and has 3-year average annual return of $20 a share. The beta value is 1.06. JP Morgan Chase and Co. sells for $87 a share and has a 3-year average annual return of $17 a share. The beta value is 1.21. Derek wants to spend no more than $15,000 investing in these two stocks, but he wants to earn at least $2500 in annual revenue. Derek also wants to minimize the risk. Determine the number of shares of each stock that Derek should buy.
Which of the folowing linear programming model has an unbounded feasible region? = 3x + 2y subject to the following : O max z x+ y34 *< 10 – 4y x20 y20 O None of the above O max z = 3x + 2y subject to the following : x+ 2y <4 x- ys1 x20 y20 O max z = 4x +2y subject to the following : x + 2y 24 3x + y27 -x + 2y s7 x20 y20
Show that, simplex method provides a better solution in each iteration compared to its previous iteration in terms of optimization.
Bugs Bunny and Daffy Duck are contestants on a game show called Split or Steal. On the show, Bugs and Daffy have to pick one of two cards and decide to split the prize money of $100,000 or steal it from the other contestant. The decisions are made simultaneously so neither player knows what the other will do. The table below represents the result of the contestants’ choices. See attached What should a rational player do in this game? Is this a zero-sum game?
List at least four applications of linear programming problems.
Explain linear programming that has feasible region with infinite number of solutions ?
eBook Problem 8-21 (Algorithmic) Round Tree Manor is a hotel that provides two types of rooms with three rental classes: Super Saver, Deluxe, and Business. The profit per night for each type of room and rental class is as follows: Room Type 1 Type II Rental Class Super Saver $37 $18 Explain. Deluxe $40 $33 Variable SuperSaver rentals allocated to room type I SuperSaver rentals allocated to room type II Deluxe rentals allocated to room type I Deluxe rentals allocated to room type II Business rentals allocated to room type II Is the demand by any rental class not satisfied? Business Type 1 rooms do not have wireless Internet access and are not available for the Business rental class. Round Tree's management makes a forecast of the demand by rental class for each night in the future. A linear programming model developed to maximize profit is used to determine how many reservations to accept for each rental class. The demand forecast for a particular night is 125 rentals in the Super Saver…
Daniel works as a programmer for a large software company. He writes and tests utility programs such as compilers. His company operates two computing shifts: during the day for program development and online applications are running at night batch production jobs. Daniel has access to workload data and learns that the evening batch runs are complementary to daytime programming tasks; that is, adding programming work during the night shift would not adversely affect the performance of the computer to other users. Daniel comes back after normal hours to develop a program to manage his own stock portfolio. His drain on the system is minimal, and he uses very few expendable supplies, such as printer paper. Discuss the ethical principles that Daniel violated as an IT Professional.

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