Elementary Differential Equations
10th Edition
ISBN: 9780470458327
Author: William E. Boyce, Richard C. DiPrima
Publisher: Wiley, John & Sons, Incorporated
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Chapter 1.1, Problem 27P
To determine
To draw: A direction field for the given
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b) Solve the following linear program using the 2-phase simplex algorithm. You should give
the initial tableau, and each further tableau produced during the execution of the
algorithm. If the program has an optimal solution, give this solution and state its
objective value. If it does not have an optimal solution, say why.
maximize ₁ - 2x2+x34x4
subject to 2x1+x22x3x41,
5x1 + x2-x3-×4 ≤ −1,
2x1+x2-x3-34
2,
1, 2, 3, 40.
9. An elementary single period market model contains a risk-free asset with interest rate
r = 5% and a risky asset S which has price 30 at time t = 0 and will have either price
10 or 60 at time t = 1. Find a replicating strategy for a contingent claim with payoff
h(S₁) = max(20 - S₁, 0) + max(S₁ — 50, 0).
Total [8 Marks]
8. An elementary single period market model has a risky asset with price So = 20 at the
beginning and a money market account with interest rate r = 0.04 compounded only
once at the end of the investment period.
=
=
In market model A, S₁ 10 with 15% probability and S₁
21 with 85% probability.
In market model B, S₁ = 25 with 10% probability and S₁ = 30 with 90% probability.
For each market model A, B, determine if the model is arbitrage-free. If not, construct
an arbitrage.
Total [9 Marks]
Chapter 1 Solutions
Elementary Differential Equations
Ch. 1.1 - In each of Problems 1 through 6, draw a direction...Ch. 1.1 - In each of Problems 1 through 6, draw a direction...Ch. 1.1 - In each of Problems 1 through 6, draw a direction...Ch. 1.1 - In each of Problems 1 through 6, draw a direction...Ch. 1.1 - In each of Problems 1 through 6, draw a direction...Ch. 1.1 - In each of Problems 1 through 6, draw a direction...Ch. 1.1 - In each of Problems 7 through 10, write down a...Ch. 1.1 - Prob. 8PCh. 1.1 - Prob. 9PCh. 1.1 - Prob. 10P
Ch. 1.1 - In each of Problems 11 through 14, draw a...Ch. 1.1 - Prob. 12PCh. 1.1 - Prob. 13PCh. 1.1 - Prob. 14PCh. 1.1 - Consider the following list of differential...Ch. 1.1 - Prob. 16PCh. 1.1 - Prob. 17PCh. 1.1 - Consider the following list of differential...Ch. 1.1 - Consider the following list of differential...Ch. 1.1 - Prob. 20PCh. 1.1 - Prob. 21PCh. 1.1 - A spherical raindrop evaporates at a rate...Ch. 1.1 - Newton’s law of cooling states that the...Ch. 1.1 - A certain drug is being administered intravenously...Ch. 1.1 - Prob. 25PCh. 1.1 - Prob. 26PCh. 1.1 - Prob. 27PCh. 1.1 - In each of Problems 26 through 33, draw a...Ch. 1.1 - Prob. 29PCh. 1.1 - In each of Problems 26 through 33, draw a...Ch. 1.1 - In each of Problems 26 through 33, draw a...Ch. 1.2 - Solve each of the following initial value problems...Ch. 1.2 - Prob. 2PCh. 1.2 - Prob. 3PCh. 1.2 - Prob. 4PCh. 1.2 - Prob. 5PCh. 1.2 - Prob. 6PCh. 1.2 - The field mouse population in Example 1 satisfies...Ch. 1.2 - Consider a population p of field mice that grows...Ch. 1.2 - The falling object in Example 2 satisfies the...Ch. 1.2 - Prob. 10PCh. 1.2 - Prob. 11PCh. 1.2 - A radioactive material, such as the isotope...Ch. 1.2 - Prob. 13PCh. 1.2 - Prob. 14PCh. 1.2 - Prob. 15PCh. 1.2 - Prob. 16PCh. 1.2 - Consider an electric circuit containing a...Ch. 1.2 - Prob. 18PCh. 1.2 - Prob. 19PCh. 1.3 - In each of Problems 1 through 6, determine the...Ch. 1.3 - In each of Problems 1 through 6, determine the...Ch. 1.3 - Prob. 3PCh. 1.3 - Prob. 4PCh. 1.3 - Prob. 5PCh. 1.3 - In each of Problems 1 through 6, determine the...Ch. 1.3 - Prob. 7PCh. 1.3 - In each of Problems 7 through 14, verify that each...Ch. 1.3 - In each of Problems 7 through 14, verify that each...Ch. 1.3 - In each of Problems 7 through 14, verify that each...Ch. 1.3 - In each of Problems 7 through 14, verify that each...Ch. 1.3 - In each of Problems 7 through 14, verify that each...Ch. 1.3 - In each of Problems 7 through 14, verify that each...Ch. 1.3 - In each of Problems 7 through 14, verify that each...Ch. 1.3 - In each of Problems 15 through 18, determine the...Ch. 1.3 - In each of Problems 15 through 18, determine the...Ch. 1.3 - In each of Problems 15 through 18, determine the...Ch. 1.3 - In each of Problems 15 through 18, determine the...Ch. 1.3 - In each of Problems 19 and 20, determine the...Ch. 1.3 - In each of Problems 19 and 20, determine the...Ch. 1.3 - In each of Problems 21 through 24, determine the...Ch. 1.3 - In each of Problems 21 through 24, determine the...Ch. 1.3 - In each of Problems 21 through 24, determine the...Ch. 1.3 - In each of Problems 21 through 24, determine the...Ch. 1.3 - In each of Problems 25 through 28, verify that...Ch. 1.3 - Prob. 26PCh. 1.3 - Prob. 27PCh. 1.3 - Prob. 28PCh. 1.3 - Prob. 30PCh. 1.3 - Prob. 31P
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- b) Solve the following linear program using the 2-phase simplex algorithm. You should give the initial tableau, and each further tableau produced during the execution of the algorithm. If the program has an optimal solution, give this solution and state its objective value. If it does not have an optimal solution, say why. maximize ₁ - 2x2+x34x4 subject to 2x1+x22x3x41, 5x1 + x2-x3-×4 ≤ −1, 2x1+x2-x3-34 2, 1, 2, 3, 40.arrow_forwardSuppose we have a linear program in standard equation form maximize cTx subject to Ax = b. x ≥ 0. and suppose u, v, and w are all optimal solutions to this linear program. (a) Prove that zu+v+w is an optimal solution. (b) If you try to adapt your proof from part (a) to prove that that u+v+w is an optimal solution, say exactly which part(s) of the proof go wrong. (c) If you try to adapt your proof from part (a) to prove that u+v-w is an optimal solution, say exactly which part(s) of the proof go wrong.arrow_forwarda) Suppose that we are carrying out the 1-phase simplex algorithm on a linear program in standard inequality form (with 3 variables and 4 constraints) and suppose that we have reached a point where we have obtained the following tableau. Apply one more pivot operation, indicating the highlighted row and column and the row operations you carry out. What can you conclude from your updated tableau? x1 x2 x3 81 82 83 84 81 -2 0 1 1 0 0 0 3 82 3 0 -2 0 1 2 0 6 12 1 1 -3 0 0 1 0 2 84 -3 0 2 0 0 -1 1 4 -2 -2 0 11 0 0-4 0 -8arrow_forward
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- Find the closed formula for each of the following sequences (a_n)_n>=1 by realting them to a well known sequence. Assume the first term given is a_1 d. 5,23,119,719,5039 i have tried finding the differnces and the second difference and i still dont see the patternarrow_forwardYou manage a chemical company with 2 warehouses. The following quantities of Important Chemical A have arrived from an international supplier at 3 different ports: Chemical Available (L) Port 1 Port 2 Port 3 400 110 100 The following amounts of Important Chemical A are required at your warehouses: Warehouse 1 Warehouse 2 Chemical Required (L) 380 230 The cost in £ to ship 1L of chemical from each port to each warehouse is as follows: Warehouse 1 Warehouse 2 Port 1 £10 £45 Port 2 £20 £28 Port 3 £13 £11 (a) You want to know how to send these shipments as cheaply as possible. For- mulate this as a linear program (you do not need to formulate it in standard inequality form) indicating what each variable represents.arrow_forwarda) Suppose that we are carrying out the 1-phase simplex algorithm on a linear program in standard inequality form (with 3 variables and 4 constraints) and suppose that we have reached a point where we have obtained the following tableau. Apply one more pivot operation, indicating the highlighted row and column and the row operations you carry out. What can you conclude from your updated tableau? x1 12 23 81 82 83 S4 $1 -20 1 1 0 0 0 3 82 3 0 -2 0 1 2 0 6 12 1 1 -3 0 0 1 0 2 84 -3 0 2 0 0 -1 1 4 2 -2 0 11 0 0 -4 0 -8 b) Solve the following linear program using the 2-phase simplex algorithm. You should give the initial tableau and each further tableau produced during the execution of the algorithm. If the program has an optimal solution, give this solution and state its objective value. If it does not have an optimal solution, say why. maximize 21 - - 2x2 + x3 - 4x4 subject to 2x1+x22x3x4≥ 1, 5x1+x2-x3-4 -1, 2x1+x2-x3-342, 1, 2, 3, 4 ≥0.arrow_forward
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