The university administration would like to add some additional parking locations. To make everyone happy, they would like eachbuilding to be within a 5 minute walk of one set of new parking spaces (the spaces will be added in blocks of 10 parking spaces). Theuniversity is considering six locations for the new parking spaces, but would like to minimize the overall cost of the project. In additionto the walking time requirement, the university would like to add at least 40 new parking spaces (at least 4 blocks of 10). To help withthe decision, the management science department formulated the following linear programming model:Min 410x1 + 465×2 + 390x3+ 395x4 + 460x5 + 460x6s.t. x1 + x2 + x5 + X6 2 1(Residence Hall A constraint}x1 + x2 + x3 1{Residence Hall B constraint)X4 + x5 + x6 2 1{Science building constraint}x1 + x4 + x5 1{Music building constraint}x2 + x3 + X4 1 {Math building constraint}x3 + X4 + x5 1{Business building constraint)x2 + x5 + x6 2 1{Auditorium constraint}X1 + X4 + x6 2 1{Arena constraint}X1 + x2 + x3 + x4 + x5 + X6 2 4 (Total locations constraint}1, if location jis selected0, otherwisea. What is the minimum the university can spend and still meet its goals? (Round your answer to the nearest whole number.)Minimum university goalsb. Which of the locations will be selected?Location 1 willLocation 2 will|Location 3 willLocation 4 willLocation 5 willLocation 6 will

*answer: As specifically mentioned in the question, we will solve the given problem by using…

X3 2 constrain x6 z 1 {Science building constraint} x5 z 1 {Music building constraint} x4 2 1 {Math building constraint} x5 2 1 (Business building constraint) X62 1{Auditorium constraint) x6 2 1{Arena constraint} x3 + x4 + x5 + x6 2 4 (Total locations constraint} 1, if location jis selected 0, otherwise the minimum the university can spend and still meet its goals? (Round your an niversity goals of the locations will be selected? will will will

X3 2 constrain x6 z 1 {Science building constraint} x5 z 1 {Music building constraint} x4 2 1 {Math building constraint} x5 2 1 (Business building constraint) X62 1{Auditorium constraint) x6 2 1{Arena constraint} x3 + x4 + x5 + x6 2 4 (Total locations constraint} 1, if location jis selected 0, otherwise the minimum the university can spend and still meet its goals? (Round your an niversity goals of the locations will be selected? will will will

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Problem 3:complete parts A, B, and C using the graph.
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Please answer both please
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Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Problem 3: complete part A, B, and C using the graph
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