The term “Basic variable”.

Question

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Answer 1

Question

Chapter 19, Problem 6DRQ

a)

Summary Introduction

To explain: The term “Basic variable”.

b)

Summary Introduction

To explain: The term “Shadow price”.

c)

Summary Introduction

To explain: The term “range of feasibility”.

d)

Summary Introduction

To explain: The term “range of optimality”.

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Note: Please make sure you label your answers. 2a. Complete the following Make or Buy Analysis. Make or Buy Analysis Food Cost Processed chopped lettuce • $23.80/case of 4, 5 lb. bags • Price/lb Whole head lettuce $16.49/50 lb case • Price/lb AP • 75% yield on whole head lettuce • Price/lb EP Labor Cost Processed chopped lettuce ⚫ No labor cost Whole head lettuce • Cooks are paid $10.85/hr with 20% benefits • It takes 2 hours to process 50 lbs. of lettuce • Benefits • Cook labor cost with benefits • Total labor cost for 1 lb. lettuce

analysis needs to address the following issues: The battery temperatures are a major concern for us. Can you analyze and describe the sample data? What are the average and median temperatures? How much variability is there in the temperatures? Is there anything that stands out? Our engineers’ assumption is that the temperature data is normally distributed. If that is the case, what would be the likelihood that the Safety Zone temperature will exceed 5.15 degrees? What is the probability that the Safety Zone temperature will be less than 4.65 degrees? What is the actual percentage of samples that exceed 5.25 degrees or are less than 4.75 degrees? Is the manufacturing process producing units with stable Safety Zone temperatures? Can you check if there are any apparent changes in the temperature pattern? Are there any outliers? A closer look at the Z-scores should help you in this regard.

Factor Factor Description Weight Present Location Newbury Hyde Park 1 Average community income 0.35 2 Community growth potential 0.15 3 Availability of public transportation 0.20 4 Labor availability, attitude, and cost 0.30 3 2 3 2 35 20 25 75 33 28 55 55 25 75 65 50 50 55

Answer 2

Question

Chapter 19, Problem 6DRQ

a)

Summary Introduction

To explain: The term “Basic variable”.

b)

Summary Introduction

To explain: The term “Shadow price”.

c)

Summary Introduction

To explain: The term “range of feasibility”.

d)

Summary Introduction

To explain: The term “range of optimality”.

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Answer 3

Question

Chapter 19, Problem 6DRQ

a)

Summary Introduction

To explain: The term “Basic variable”.

b)

Summary Introduction

To explain: The term “Shadow price”.

c)

Summary Introduction

To explain: The term “range of feasibility”.

d)

Summary Introduction

To explain: The term “range of optimality”.

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Answer 4

Question

Chapter 19, Problem 6DRQ

a)

Summary Introduction

To explain: The term “Basic variable”.

b)

Summary Introduction

To explain: The term “Shadow price”.

c)

Summary Introduction

To explain: The term “range of feasibility”.

d)

Summary Introduction

To explain: The term “range of optimality”.

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Answer 5

Chapter 19, Problem 6DRQ

a)

Summary Introduction

To explain: The term “Basic variable”.

b)

Summary Introduction

To explain: The term “Shadow price”.

c)

Summary Introduction

To explain: The term “range of feasibility”.

d)

Summary Introduction

To explain: The term “range of optimality”.

Answer 6

Chapter 19, Problem 6DRQ

a)

Summary Introduction

To explain: The term “Basic variable”.

Answer 7

Chapter 19, Problem 6DRQ

a)

Summary Introduction

To explain: The term “Basic variable”.

Answer 8

b)

Summary Introduction

To explain: The term “Shadow price”.

Answer 9

b)

Summary Introduction

To explain: The term “Shadow price”.

Answer 10

c)

Summary Introduction

To explain: The term “range of feasibility”.

Answer 11

c)

Summary Introduction

To explain: The term “range of feasibility”.

Answer 12

d)

Summary Introduction

To explain: The term “range of optimality”.

Answer 13

d)

Summary Introduction

To explain: The term “range of optimality”.

Answer 14

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Answer 15

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Answer 16

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Answer 17

Ch. 19 - For which decision environment is linear...Ch. 19 - What is meant by the term feasible solution space?...Ch. 19 - Explain the term redundant constraint.Ch. 19 - Prob. 4DRQ Ch. 19 - Prob. 5DRQ Ch. 19 - Prob. 6DRQ Ch. 19 - Prob. 1P Ch. 19 - Prob. 2P Ch. 19 - Prob. 3P Ch. 19 - A small candy shop is preparing for the holiday...

The term “Basic variable”.

Solution Summary: The author explains the term "basic variable" and "Shadow price" in linear programming. Range of feasibility is the range of values present in the right hand side quantities of a constraint.

Concept explainers

To explain: The term “Basic variable”.

To explain: The term “Shadow price”.

To explain: The term “range of feasibility”.

To explain: The term “range of optimality”.

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Chapter 19 Solutions