uestion 2 Solve the following LPP problem using the simplex method: ime in Mazimize z 2.x, +3x, +4x, 3x, +2x, -3x, s4 Subject to 2x, +3x, +2x, 56 [3x,-x, +2x, 2-8 x, 2 0, x, 2 0, r, 20
uestion 2 Solve the following LPP problem using the simplex method: ime in Mazimize z 2.x, +3x, +4x, 3x, +2x, -3x, s4 Subject to 2x, +3x, +2x, 56 [3x,-x, +2x, 2-8 x, 2 0, x, 2 0, r, 20
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
Related questions
Question
![CAICOS
MUNIT
Juicy-Juice Ltd. is planning to increase its juice supply for the fiscal year 2021 - 2022. With the expected
increase in demand, it is projected that there is a need for additional space. Management must decide
whether to rent a large building or construct a medium factory space.
If they rent a large building and the demand is low, the net present value after deducting for building costs
will be $230,000. If the demand is high, the company can continue using the old factory or rent an
additional building to meet the current need. Renting an additional building would have a net present value
of $301,000 and using the old factory would have a net present value of $530,000. The probability of high
demand is 0.45 while the probability of low demand is 0.55.
If a medium factory was constructed and the demand is high, the estimated net present value is $320, 000.
If the demand is moderate, the net present value is $195, 000. If the demand turns out to be low, the net
present value will be (300,000). The probability that the demand will be high, moderate, or low is
estimated to be 0.50, 0.25 and 0.25, respectively.
(i) Draw the decision tree to represent the above information.
(ii) Calculate the expected values of each course of action.
(6 marks)
(4 marks)
(iii) Using the result from (ii) decide which course of action the Juicy-Juice management team should take.
(2 marks)
Question 2
MMING
Juicy-Juice Ltd. wants to predict their sales for the fiscal vear 2021, and the financial team was provided with
the following table with actual sales value in thousands of dollars for the first half of the year:
Actual Sales
(S, 000)
Month
January
128
112
February
March
186
218
April
May
142
June
135
(i) Compute a three - month simple moving average forecast for the monthly sales from April to July 2021.
(4 marks)
(2 marks)
Writing all answers to the nearest whole number:
(ii) If the actual sales value for July is $159,000, what is the percentage error in the forecast?
(iii) Compute a three- month weighted moving average forecast for the monthly sales from April to July 2021,
using the weights: w = 0.55, w, = 0.30 , w, = 0.15
(iv) Compute the exponential smoothing forecast from February to August using a = 0.4 and an initial
forecast for January $130,000.
(x) Calculate the Mean Absolute Deviation (MAD) for each forecasting method.
(4 marks)
(6 marks)
(4 marks)
5.
ot is sho](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3538a0bb-b4c3-40dc-bd5f-2c14142e8420%2Fa8acc477-cf76-4ed5-8bea-2d9adee1b8c4%2F0jo0fej_processed.jpeg&w=3840&q=75)
Transcribed Image Text:CAICOS
MUNIT
Juicy-Juice Ltd. is planning to increase its juice supply for the fiscal year 2021 - 2022. With the expected
increase in demand, it is projected that there is a need for additional space. Management must decide
whether to rent a large building or construct a medium factory space.
If they rent a large building and the demand is low, the net present value after deducting for building costs
will be $230,000. If the demand is high, the company can continue using the old factory or rent an
additional building to meet the current need. Renting an additional building would have a net present value
of $301,000 and using the old factory would have a net present value of $530,000. The probability of high
demand is 0.45 while the probability of low demand is 0.55.
If a medium factory was constructed and the demand is high, the estimated net present value is $320, 000.
If the demand is moderate, the net present value is $195, 000. If the demand turns out to be low, the net
present value will be (300,000). The probability that the demand will be high, moderate, or low is
estimated to be 0.50, 0.25 and 0.25, respectively.
(i) Draw the decision tree to represent the above information.
(ii) Calculate the expected values of each course of action.
(6 marks)
(4 marks)
(iii) Using the result from (ii) decide which course of action the Juicy-Juice management team should take.
(2 marks)
Question 2
MMING
Juicy-Juice Ltd. wants to predict their sales for the fiscal vear 2021, and the financial team was provided with
the following table with actual sales value in thousands of dollars for the first half of the year:
Actual Sales
(S, 000)
Month
January
128
112
February
March
186
218
April
May
142
June
135
(i) Compute a three - month simple moving average forecast for the monthly sales from April to July 2021.
(4 marks)
(2 marks)
Writing all answers to the nearest whole number:
(ii) If the actual sales value for July is $159,000, what is the percentage error in the forecast?
(iii) Compute a three- month weighted moving average forecast for the monthly sales from April to July 2021,
using the weights: w = 0.55, w, = 0.30 , w, = 0.15
(iv) Compute the exponential smoothing forecast from February to August using a = 0.4 and an initial
forecast for January $130,000.
(x) Calculate the Mean Absolute Deviation (MAD) for each forecasting method.
(4 marks)
(6 marks)
(4 marks)
5.
ot is sho
![uestion 2
Solve the following LPP problem using the simplex method:
ime in
Mazimize z = 2x, +3x, +4x,
3x, +2x, -3x, s4
Subject to 2x, +3x, +2x, 56
[3x,-x, +2x, 2-8
x, 2 0, x, 2 0, x, 20
(15 marks)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3538a0bb-b4c3-40dc-bd5f-2c14142e8420%2Fa8acc477-cf76-4ed5-8bea-2d9adee1b8c4%2Fwft1dxf_processed.jpeg&w=3840&q=75)
Transcribed Image Text:uestion 2
Solve the following LPP problem using the simplex method:
ime in
Mazimize z = 2x, +3x, +4x,
3x, +2x, -3x, s4
Subject to 2x, +3x, +2x, 56
[3x,-x, +2x, 2-8
x, 2 0, x, 2 0, x, 20
(15 marks)
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 2 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![Advanced Engineering Mathematics](https://www.bartleby.com/isbn_cover_images/9780470458365/9780470458365_smallCoverImage.gif)
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
![Numerical Methods for Engineers](https://www.bartleby.com/isbn_cover_images/9780073397924/9780073397924_smallCoverImage.gif)
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
![Introductory Mathematics for Engineering Applicat…](https://www.bartleby.com/isbn_cover_images/9781118141809/9781118141809_smallCoverImage.gif)
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
![Advanced Engineering Mathematics](https://www.bartleby.com/isbn_cover_images/9780470458365/9780470458365_smallCoverImage.gif)
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
![Numerical Methods for Engineers](https://www.bartleby.com/isbn_cover_images/9780073397924/9780073397924_smallCoverImage.gif)
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
![Introductory Mathematics for Engineering Applicat…](https://www.bartleby.com/isbn_cover_images/9781118141809/9781118141809_smallCoverImage.gif)
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
![Mathematics For Machine Technology](https://www.bartleby.com/isbn_cover_images/9781337798310/9781337798310_smallCoverImage.jpg)
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
![Basic Technical Mathematics](https://www.bartleby.com/isbn_cover_images/9780134437705/9780134437705_smallCoverImage.gif)
![Topology](https://www.bartleby.com/isbn_cover_images/9780134689517/9780134689517_smallCoverImage.gif)