objective is to minimize the total leasing cost for pace requirements. a Indicate why this is a cost-benefit-trade-of lem by identifying both the activities and th efits being sought from these activities. b Identify verbally the decisions to be made, t straints on these decisions, and the overall r of performance for the decisions. c. Convert these verbal descriptions of the con and the measure of performance into qua expressions in terms of the data and decisio d.) Formulate a spreadsheet model for this proble tify the data cells, the changing cells, the objec and the other output cells. Also show the Ex tion for each output cell expressed as a SUD UCT function. Then use Solver to solve the mc ena Summarize the model in algebraic form. Consider the following algebraic formulation efit-trade-off problem involving three benefits, 4.

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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-2 3 4 5
The space requirement and the leasing costs for the various
leasing periods are as follows.
3.15. Larry Edison
Buckly College. He no
ter. It is open from 8 A
hich
The
d that
Required Space
(Square Feet)
usage of the center at v
the following number
students) are required
nts in
Month
30,000
1.
40,000
Time of Day
3.
mum
000'0L
MO
uired
uoou- 8
Noon-4 PM
4 PM-8 PM
8 PM-midnight
billion
Cost per
Leasing Period
(Months)
million
Sq. Ft. Leased
Two types of c
and part-time. The
tive hours in any e
billion
$ 65
s in these
afternoon (noon-
consultants are pa
135
minimiz-
091
Part-time cons
06
1 for this
listed in the table.
An additional
The objective is to minimize the total leasing cost for meet-
there must be at
ity of pur-
ing the space requirements.
asset 2, and
would this
a) Indicate why this is a cost-benefit-trade-off prob-
lem by identifying both the activities and the ben-
efits being sought from these activities.
b Identify verbally the decisions to be made, the con-
straints on these decisions, and the overall measure
part-time consul
Larry would
part-time consu
requirements at.
years from
vested?
or approach
best guess
a. WH
of performance for the decisions,
c. Convert these verbal descriptions of the constraints
and the measure of performance into quantitative
expressions in terms of the data and decisions.
d. Formulate a spreadsheet model for this problem. Iden-
tify the data cells, the changing cells, the objective cell,
and the other output cells. Also show the Excel equa-
tion for each output cell expressed as a SUMPROD-
UCT function. Then use Solver to solve the model.
e.) Summarize the model in algebraic form.
b. Fo
total amount
C. Su
3.16.* The !
diagnostic eq
have placed c
lowing table s
from each fa
3.14.
the number o
Consider the following algebraic formulation of a cost-
number of ur
benefit-trade-off problem involving three benefits, where the
decisions to be made are the levels of four
A decisic
for how man
Transcribed Image Text:-2 3 4 5 The space requirement and the leasing costs for the various leasing periods are as follows. 3.15. Larry Edison Buckly College. He no ter. It is open from 8 A hich The d that Required Space (Square Feet) usage of the center at v the following number students) are required nts in Month 30,000 1. 40,000 Time of Day 3. mum 000'0L MO uired uoou- 8 Noon-4 PM 4 PM-8 PM 8 PM-midnight billion Cost per Leasing Period (Months) million Sq. Ft. Leased Two types of c and part-time. The tive hours in any e billion $ 65 s in these afternoon (noon- consultants are pa 135 minimiz- 091 Part-time cons 06 1 for this listed in the table. An additional The objective is to minimize the total leasing cost for meet- there must be at ity of pur- ing the space requirements. asset 2, and would this a) Indicate why this is a cost-benefit-trade-off prob- lem by identifying both the activities and the ben- efits being sought from these activities. b Identify verbally the decisions to be made, the con- straints on these decisions, and the overall measure part-time consul Larry would part-time consu requirements at. years from vested? or approach best guess a. WH of performance for the decisions, c. Convert these verbal descriptions of the constraints and the measure of performance into quantitative expressions in terms of the data and decisions. d. Formulate a spreadsheet model for this problem. Iden- tify the data cells, the changing cells, the objective cell, and the other output cells. Also show the Excel equa- tion for each output cell expressed as a SUMPROD- UCT function. Then use Solver to solve the model. e.) Summarize the model in algebraic form. b. Fo total amount C. Su 3.16.* The ! diagnostic eq have placed c lowing table s from each fa 3.14. the number o Consider the following algebraic formulation of a cost- number of ur benefit-trade-off problem involving three benefits, where the decisions to be made are the levels of four A decisic for how man
would this
mix of inves
from
any mix of these feed types,
mix will meet certain nutri-
with the spreadsheet to develop your besach
for the optimal solution. VYat is the total amss
a.
st. The number of units of
ent contained within a kilo-
following table, along with
feed costs.
invested for your solution?
Minimum
Daily
Kilogram
Kilogram of
Tankage
Requirement
of Alfalfa
200
40
180
20
09
150
08
09
72
09
mming model for this
Use Solver to find an optimal solution.
Summarize the model in algebraic form.
if (x,, xz, xz) = (1, 2, 2)
so, what the daily cost
Web Mercantile sells many household products
13,
through an online catalog. The company needs substantial
warehouse space for storing its goods. Plans now are being
made for leasing warehouse storage space over the next five
months. Just how much space will be required in each of these
months is known. However, since these space requirements are
quite different, it may be most economical to lease only the
amount needed each month on a month-by-month basis. On the
other hand, the additional cost for leasing space for additional
months is much less than for the first month, so it may be less
w many units of each
his diet provide daily?
al-and-error approach
op your best guess for
he daily cost for your
olution.
form.
1 officer for the Alva
expensive to lease the maximum amount needed for the entire
five months. Another option is the intermediate approach of
changing the total amount of space leased (by adding a new
lease and/or having an old lease expire) at least once but not
Midwest. The com-
hydroelectric plants
eeds of the growing
pany. To cover the
every month.
Transcribed Image Text:would this mix of inves from any mix of these feed types, mix will meet certain nutri- with the spreadsheet to develop your besach for the optimal solution. VYat is the total amss a. st. The number of units of ent contained within a kilo- following table, along with feed costs. invested for your solution? Minimum Daily Kilogram Kilogram of Tankage Requirement of Alfalfa 200 40 180 20 09 150 08 09 72 09 mming model for this Use Solver to find an optimal solution. Summarize the model in algebraic form. if (x,, xz, xz) = (1, 2, 2) so, what the daily cost Web Mercantile sells many household products 13, through an online catalog. The company needs substantial warehouse space for storing its goods. Plans now are being made for leasing warehouse storage space over the next five months. Just how much space will be required in each of these months is known. However, since these space requirements are quite different, it may be most economical to lease only the amount needed each month on a month-by-month basis. On the other hand, the additional cost for leasing space for additional months is much less than for the first month, so it may be less w many units of each his diet provide daily? al-and-error approach op your best guess for he daily cost for your olution. form. 1 officer for the Alva expensive to lease the maximum amount needed for the entire five months. Another option is the intermediate approach of changing the total amount of space leased (by adding a new lease and/or having an old lease expire) at least once but not Midwest. The com- hydroelectric plants eeds of the growing pany. To cover the every month.
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