Operations Research: Applications and Algorithms
Operations Research: Applications and Algorithms
4th Edition
ISBN: 9780357907818
Author: WINSTON
Publisher: Cengage Learning US
Expert Solution & Answer
Book Icon
Chapter 5, Problem 13RP

a.

Explanation of Solution

Optimal solution

  • From the LINDO output, the objective function value is 2333.33.
  • If the cost for producing 1000 tools at ...

b.

Explanation of Solution

Pay for additional labour

  • From the LINDO output, the reduced cost of labour is 19.7333.
  • Here the price for an additional hour of labour is reduced to $4...

c.

Explanation of Solution

Increasing production capacity

  • Here the consultant offers to increase plant 1’s production capacity by 5000 tools.
  • The production capacity of 5000 tools has a cost of $400...

d.

Explanation of Solution

Pay for additional nurses

  • From the LINDO output, the old optimum value is 2333.33.
  • The shadow price of row 4 is 0.26667.
  • Hence the pay for additional nurses is given by:

    Pay = 2333

Blurred answer
Students have asked these similar questions
I would like to get help to resolve the following case
Last Chance Securities The IT director opened the department staff meeting today by saying, "I've got some good news and some bad news. The good news is that management approved the payroll system project this morning. The new system will reduce clerical time and errors, improve morale in the payroll department, and avoid possible fines and penalties for noncompliance. The bad news is that the system must be installed by January 1st in order to meet new federal reporting rules, all expenses from now on must be approved in advance, the system should have a modular design if possible, and the vice president of finance would like to announce the new system in a year-end report if it is ready by mid-December." Tasks 1. Why is it important to define the project scope? How would you define the scope of the payroll project in this case? 2. Review each constraint and identify its characteristics: present versus future, internal versus exter- nal, and mandatory versus desirable. 3. What…
2. Signed Integers Unsigned binary numbers work for natural numbers, but many calculations use negative numbers as well. To deal with this, a number of different methods have been used to represent signed numbers, but we will focus on two's complement, as it is the standard solution for representing signed integers. 2.1 Two's complement • Most significant bit has a negative value, all others are positive. So, the value of an n-digit -2 two's complement number can be written as: Σ2 2¹ di 2n-1 dn • Otherwise exactly the same as unsigned integers. i=0 - • A neat trick for flipping the sign of a two's complement number: flip all the bits (0 becomes 1, or 1 becomes 0) and then add 1 to the least significant bit. • Addition is exactly the same as with an unsigned number. 2.2 Exercises For questions 1-3, answer each one for the case of a two's complement number and an unsigned number, indicating if it cannot be answered with a specific representation. 1. (15 pts) What is the largest integer…
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Operations Research : Applications and Algorithms
Computer Science
ISBN:9780534380588
Author:Wayne L. Winston
Publisher:Brooks Cole
Text book image
Np Ms Office 365/Excel 2016 I Ntermed
Computer Science
ISBN:9781337508841
Author:Carey
Publisher:Cengage