With the use of illustrations or examples, explain the following terms: a) Slack variable b) Surplus variable c) Constraints d) Non-negative constraints e) Objective function NB: Answer question a-e
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With the use of illustrations or examples, explain the following terms:
a) Slack variable
b) Surplus variable
c) Constraints
d) Non-negative constraints
e) Objective function
NB: Answer question a-e
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- 1. See pictures to solveTUTORIAL DECISION ANALYSIS 1. e) 0 B) 2. Even though independent gasoline stations have been having a difficult time, Susan Solomon has been thinking about starting her own independent gasoline station. Susan's problem is to decide how large her station should be. The annual returns will depend on both the size of her station and a number of marketing factors related to the oil industry and demand for gasoline. After a careful analysis, Susan developed the following table: Size of First Station Small Medium Large Extra Large Stock Market Bonds CDs Good Market (5) Probability a) b) 50,000 80,000 Decision Alternative. 100,000 300,000 Fair Market (S) 20,000 30,000 30,000 25,000 For example, if Susan constructs a small station and the market is good, she will realize a profit of $50,000. what is the criterion of realism decision? Use an a value of 0.8. Develop an opportunity loss table? What is the minimax regret decision? Mickey Lawson is considering investing some money that he…Please do not give solution in image formate thanku.
- What is the reason keep reject my question?If the profit per unit on Tables (T) increases to $750 and simultaneously the profit per unit on Chairs (C) increases to $425, determine the new objective function value. Variable Cells Variable Name Value Cost T C Constraints 1 Number Name 2 Final Reduced Objective Allowable Allowable 3 Tables 18 0 Chairs 30 0 Coefficient Increase Decrease 720 395 Cleaning 1920 0 Fabric 4480 0.125 4480 Final Shadow Constraint Allowable Allowable 2080 90 Value Price R.H. Side Increase Decrease Testing 1600 0.188 1600 65 $26.250 O $27.690 O $1,440 Must recalculate. Change violated the 100% nule $24.810 1120 25 1E+30 80 40 160 160 320pls help
- 2. Maximize subject to p = x + 2y X +3y24 2x + y 18 x ≥ 0, y ≥ 0.Answer b and c onlyExercise 4 The Fly-Right Airplanc Company builds small jet planes to scll to corporations for the use of the exccutives. To meet the needs of these exccutives, the company's customers sometimes order a custom design of the air planes being purchased. When this occurs, a substantial start up cost is incurred to intiate production of these airplanes. Fly-Right has recently reccived purchase requests from three customers with short deadlines. However, as the company's production facilities already are almost completely tied up filling previous orders, it will not be able to accept all three orders. Therefore a decision now needs to be made on the number of airplancs the company will agree to produce (if any) for cach of the three customers. The table below gives the relevant information on cach of the three customers. Each customer has a fixed start-up cost, paid just once irrespective of how many plancs are produced for that customer. The marginal net revenue is received per plane…
- 53. Following figures are related to LM Ltd. for the yer ending March 31, 2014. Sales 24000 units @ 200 per unit P/V ratio-25%; BEP 50% of sales. You are required to: calculate fixed cost per year; profit earned for the year; units to be sold to earn a target profit of Rs. 11,00,000 for the year; no. of units to be sold to earn the net income of 25% on cost; SP per unit, if BEP is to be brought down by 4000 units. 13WAI has developed the following MPS. Calculate theprojected available and the available-to-promise quantities for WAI.Variable cells Cell $B$6 $C$6 $D$6 Cell $E$2 $E$3 Name Constraints- $E$4 Variable 1 Variable 2 Variable 3 Name Resource A Resource B Resource C Final Value Cost 3 10 20 Reduced 30 18 0 -7 Final Value Shadow Price Constraint R.H. Side 7.78 6 Objective Coefficient 10 30 40 20 20 30 40 What is the range of optimality for the objective coefficient for Variable 2? Allowable Increase 23 50 Allowable Increase 10 50 1E+30 Allowable Decrease 17 10 1E+30 Allowable Decrease 12.5 10 22
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