Bundle: Finite Mathematics For The Managerial, Life, And Social Sciences, 12th + Student Solutions Manual
12th Edition
ISBN: 9781337762182
Author: Soo T. Tan
Publisher: Cengage Learning
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Chapter 4.3, Problem 11E
To determine
To solve:
The given linear programming problem.
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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 4 Solutions
Bundle: Finite Mathematics For The Managerial, Life, And Social Sciences, 12th + Student Solutions Manual
Ch. 4.1 - Give the three characteristics of a standard...Ch. 4.1 - a. When the initial simplex tableau is set up, how...Ch. 4.1 - In the simplex method, how is a pivoted column...Ch. 4.1 - In Exercises 1-6, a write the linear programming...Ch. 4.1 - In Exercises 1-6, a write the linear programming...Ch. 4.1 - In Exercises 1-6, a write the linear programming...Ch. 4.1 - In Exercises 1-6, a write the linear programming...Ch. 4.1 - In Exercises 1-6, a write the linear programming...Ch. 4.1 - Prob. 6ECh. 4.1 - In Exercises 7-16, determine whether the given...
Ch. 4.1 - In Exercises 7-16, determine whether the given...Ch. 4.1 - Prob. 9ECh. 4.1 - Prob. 10ECh. 4.1 - Prob. 11ECh. 4.1 - Prob. 12ECh. 4.1 - Prob. 13ECh. 4.1 - In Exercises 7-16, determine whether the given...Ch. 4.1 - Prob. 15ECh. 4.1 - Prob. 16ECh. 4.1 - Prob. 17ECh. 4.1 - Prob. 18ECh. 4.1 - In Exercise 17-31, solve each linear programming...Ch. 4.1 - Prob. 20ECh. 4.1 - In Exercise 17-31, solve each linear programming...Ch. 4.1 - In Exercise 17-31, solve each linear programming...Ch. 4.1 - In Exercise 17-31, solve each linear programming...Ch. 4.1 - Prob. 24ECh. 4.1 - Prob. 25ECh. 4.1 - In Exercise 17-31, solve each linear programming...Ch. 4.1 - Prob. 27ECh. 4.1 - Prob. 28ECh. 4.1 - Prob. 29ECh. 4.1 - Prob. 30ECh. 4.1 - Prob. 31ECh. 4.1 - Prob. 32ECh. 4.1 - Prob. 33ECh. 4.1 - PRODUCTION SCHEDULING A company manufactures two...Ch. 4.1 - Production Scheduling National Business Machines...Ch. 4.1 - PRODUCTION SCHEDULING Kane Manufacturing has a...Ch. 4.1 - ASSETALLOCATION Justin has decided to invest at...Ch. 4.1 - ASSET ALLOCATION A financier plans to invest up to...Ch. 4.1 - PRODUCTION SCHEDULING A division of the Winston...Ch. 4.1 - CROP PLANNING A farmer has 150 acres of land...Ch. 4.1 - PRODUCTION SCHEDULING A company manufactures...Ch. 4.1 - ASSET ALLOCATION Ashley has earmarked at most...Ch. 4.1 - PRODUCTION SCHEDULING Ace Novelty manufactures...Ch. 4.1 - OPTIMIZING ADVERTISING EXPOSURE As part of a...Ch. 4.1 - PRODUCTION SCHEDULING Custom Office Furniture is...Ch. 4.1 - OPTIMIZING PROFIT FOR PREFABRICATED HOUSING Boise...Ch. 4.1 - ASSET ALLOCATION Sharon has a total of 200,000 to...Ch. 4.1 - OPTIMIZING PROFIT FOR BLENDED JUICE DRINKS...Ch. 4.1 - OPTIMIZING PROFIT FOR COLD FORMULAS Beyer...Ch. 4.1 - ASSET ALLOCATION A financier plans to invest up to...Ch. 4.1 - Consider the linear programming problem Maximize...Ch. 4.1 - Prob. 52ECh. 4.1 - Prob. 53ECh. 4.1 - Prob. 54ECh. 4.1 - Prob. 55ECh. 4.1 - Solve the linear programming problems. Maximize...Ch. 4.1 - Prob. 2TECh. 4.1 - Prob. 3TECh. 4.1 - Prob. 4TECh. 4.2 - Suppose you are given the linear programming...Ch. 4.2 - Prob. 2CQCh. 4.2 - Prob. 3CQCh. 4.2 - Prob. 4CQCh. 4.2 - Prob. 1ECh. 4.2 - Prob. 2ECh. 4.2 - Prob. 3ECh. 4.2 - In Exercise 16, use the technique developed in...Ch. 4.2 - Prob. 5ECh. 4.2 - Prob. 6ECh. 4.2 - Prob. 7ECh. 4.2 - Prob. 8ECh. 4.2 - Prob. 9ECh. 4.2 - Prob. 10ECh. 4.2 - Prob. 11ECh. 4.2 - In Exercise 1120, construct the dual problem...Ch. 4.2 - Prob. 13ECh. 4.2 - In Exercise 1120, construct the dual problem...Ch. 4.2 - In Exercises 1120, construct the dual problem...Ch. 4.2 - Prob. 16ECh. 4.2 - Prob. 17ECh. 4.2 - In Exercises 1120, construct the dual problem...Ch. 4.2 - Prob. 19ECh. 4.2 - In Exercises 1120, construct the dual problem...Ch. 4.2 - MINIMIZING CRUISE LINE COSTS Deluxe River Cruises...Ch. 4.2 - FERTILIZER COSTSA farmer uses two types of...Ch. 4.2 - DIET PLANNING The owner of the Health Juice Bar...Ch. 4.2 - OPTIMIZING ADVERTISING EXPOSURE Everest Deluxe...Ch. 4.2 - MINIMIZING SHIPPING Cons Acrosonic manufactures a...Ch. 4.2 - MINIMIZING SHIPPING COSTS Singer Motor Corporation...Ch. 4.2 - MINIMIZING OIL REFINERY COSTS An oil company...Ch. 4.2 - Prob. 28ECh. 4.2 - In Exercises 28 and 29, determine whether the...Ch. 4.2 - Prob. 1TECh. 4.2 - Prob. 2TECh. 4.2 - Prob. 3TECh. 4.2 - Prob. 4TECh. 4.3 - Explain why the following linear programming...Ch. 4.3 - Prob. 2CQCh. 4.3 - Prob. 3CQCh. 4.3 - Prob. 1ECh. 4.3 - Prob. 2ECh. 4.3 - Prob. 3ECh. 4.3 - Prob. 4ECh. 4.3 - Prob. 5ECh. 4.3 - Prob. 6ECh. 4.3 - Prob. 7ECh. 4.3 - Prob. 8ECh. 4.3 - Prob. 9ECh. 4.3 - Prob. 10ECh. 4.3 - Prob. 11ECh. 4.3 - Prob. 12ECh. 4.3 - Prob. 13ECh. 4.3 - In Exercises 520, use the method of this section...Ch. 4.3 - Prob. 15ECh. 4.3 - Prob. 16ECh. 4.3 - Prob. 17ECh. 4.3 - Prob. 18ECh. 4.3 - In Exercises 520, use the method of this section...Ch. 4.3 - Prob. 20ECh. 4.3 - MAXIMIZING INVESTMENT RETURNS Natsano has at most...Ch. 4.3 - Prob. 22ECh. 4.3 - Prob. 23ECh. 4.3 - CROP PLANNING A farmer has 150 acres of land...Ch. 4.3 - PRODUCTION SCHEDULING A company manufactures...Ch. 4.3 - TRANSPORTATION The Green Company manufactures an...Ch. 4.3 - DIET PLANNING A nutritionist at the Medical Center...Ch. 4.3 - MINIMIZING SHIPPING COSTS Steinwelt Piano...Ch. 4.CRQ - Prob. 1CRQCh. 4.CRQ - Prob. 2CRQCh. 4.CRQ - Prob. 3CRQCh. 4.CRQ - Prob. 4CRQCh. 4.CRE - Prob. 1CRECh. 4.CRE - Prob. 2CRECh. 4.CRE - In Exercises 1-8, use the simplex method to solve...Ch. 4.CRE - Prob. 4CRECh. 4.CRE - Prob. 5CRECh. 4.CRE - Prob. 6CRECh. 4.CRE - Prob. 7CRECh. 4.CRE - Prob. 8CRECh. 4.CRE - Prob. 9CRECh. 4.CRE - Construct the dual problem associated with the...Ch. 4.CRE - Prob. 11CRECh. 4.CRE - Prob. 12CRECh. 4.CRE - Prob. 13CRECh. 4.CRE - Prob. 14CRECh. 4.CRE - Prob. 15CRECh. 4.CRE - Prob. 16CRECh. 4.CRE - Prob. 17CRECh. 4.CRE - Prob. 18CRECh. 4.CRE - MINIMIZING MINING COSTS Perth Mining Company...Ch. 4.CRE - MINIMIZING RIVER CRUISE COSTS Nordic River Cruises...Ch. 4.CRE - PRODUCTION SCHEDULING Acoustical Company...Ch. 4.CRE - PRODUCTION SCHEDULING Wayland Company manufactures...Ch. 4.CRE - MINIMIZING CITY WATER COSTS The water-supply...Ch. 4.CRE - INVESTMENT ANALYSIS Jorge has decided to invest at...Ch. 4.CRE - MAXIMIZING PROFIT A company manufactures three...Ch. 4.CRE - INVESTMENT ANALYSIS Sandra has at most 200,000 to...Ch. 4.BMO - Prob. 1BMOCh. 4.BMO - Prob. 2BMOCh. 4.BMO - Prob. 3BMOCh. 4.BMO - Prob. 4BMOCh. 4.BMO - Using the simplex method, solve the following...
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