Mathematics: A Practical Odyssey
8th Edition
ISBN: 9781305104174
Author: David B. Johnson, Thomas A. Mowry
Publisher: Cengage Learning
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Chapter 9.3, Problem 12E
To determine
To find:
The number of different possible routes and exercise which generates the best delivery sequence.
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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 9 Solutions
Mathematics: A Practical Odyssey
Ch. 9.1 - In Exercises 1 3, use the following information:...Ch. 9.1 - In Exercises 1 3, use the following information:...Ch. 9.1 - Prob. 3ECh. 9.1 - Prob. 4ECh. 9.1 - Prob. 5ECh. 9.1 - Prob. 6ECh. 9.1 - In exercise 7-10, determine the number of...Ch. 9.1 - Prob. 8ECh. 9.1 - In exercise 7-10, determine the number of...Ch. 9.1 - Prob. 10E
Ch. 9.1 - Prob. 11ECh. 9.1 - a. Determine the number of vertices, edges and...Ch. 9.1 - Prob. 13ECh. 9.1 - Prob. 14ECh. 9.1 - a. Why do the two diagrams in Figure 9.10...Ch. 9.1 - Prob. 16ECh. 9.1 - Prob. 17ECh. 9.1 - Prob. 18ECh. 9.1 - Prob. 19ECh. 9.1 - Prob. 20ECh. 9.2 - In Exercise 1-6, do the following: a. Find two...Ch. 9.2 - Prob. 2ECh. 9.2 - Prob. 3ECh. 9.2 - Prob. 4ECh. 9.2 - Prob. 5ECh. 9.2 - Prob. 6ECh. 9.2 - Exercise 7-12, can be done as homework problem or...Ch. 9.2 - Exercise 7-12, can be done as homework problem or...Ch. 9.2 - Prob. 9ECh. 9.2 - Prob. 10ECh. 9.2 - Exercise 7-12, can be done as homework problem or...Ch. 9.2 - Exercise 7-12, can be done as homework problem or...Ch. 9.2 - Prob. 13ECh. 9.2 - Prob. 14ECh. 9.2 - Prob. 15ECh. 9.2 - Prob. 16ECh. 9.2 - Prob. 17ECh. 9.2 - Prob. 18ECh. 9.2 - Prob. 19ECh. 9.2 - Prob. 20ECh. 9.2 - Prob. 21ECh. 9.2 - 22. Once a month, the utility company sends an...Ch. 9.2 - Prob. 23ECh. 9.2 - Prob. 24ECh. 9.2 - Figure shows a map of New Yorks cities and bridges...Ch. 9.2 - Prob. 26ECh. 9.2 - Prob. 27ECh. 9.2 - Prob. 28ECh. 9.2 - Figure 9.7 on page 673 shows a map of the BART Bay...Ch. 9.2 - Prob. 30ECh. 9.2 - Prob. 31ECh. 9.2 - Prob. 32ECh. 9.2 - Prob. 35ECh. 9.3 - Prob. 1ECh. 9.3 - Prob. 2ECh. 9.3 - Prob. 3ECh. 9.3 - Exercise 1-4, use the flight costs shown in...Ch. 9.3 - Prob. 5ECh. 9.3 - Exercises 5-12 use the FedEx travel times shown in...Ch. 9.3 - Prob. 7ECh. 9.3 - Prob. 8ECh. 9.3 - Prob. 9ECh. 9.3 - Prob. 10ECh. 9.3 - Prob. 11ECh. 9.3 - Prob. 12ECh. 9.3 - Prob. 13ECh. 9.3 - Prob. 14ECh. 9.3 - Prob. 15ECh. 9.3 - Use the following information in Exercises 13-22....Ch. 9.3 - Prob. 17ECh. 9.3 - Prob. 18ECh. 9.3 - Prob. 19ECh. 9.3 - Prob. 20ECh. 9.3 - Prob. 21ECh. 9.3 - Prob. 22ECh. 9.3 - Prob. 23ECh. 9.3 - Prob. 24ECh. 9.3 - Use the information in Figure 9.55 and the...Ch. 9.3 - Prob. 26ECh. 9.3 - Use the information in Figure 9.55 and the...Ch. 9.3 - Prob. 28ECh. 9.3 - Prob. 29ECh. 9.3 - Prob. 30ECh. 9.3 - Prob. 31ECh. 9.4 - Prob. 1ECh. 9.4 - Prob. 2ECh. 9.4 - Prob. 3ECh. 9.4 - Prob. 4ECh. 9.4 - Prob. 5ECh. 9.4 - Prob. 6ECh. 9.4 - Prob. 7ECh. 9.4 - Prob. 8ECh. 9.4 - Prob. 9ECh. 9.4 - Prob. 10ECh. 9.4 - Prob. 11ECh. 9.4 - Prob. 12ECh. 9.4 - Prob. 13ECh. 9.4 - Prob. 14ECh. 9.4 - Prob. 15ECh. 9.4 - Prob. 16ECh. 9.4 - Prob. 17ECh. 9.4 - Prob. 18ECh. 9.4 - Prob. 19ECh. 9.4 - Prob. 20ECh. 9.4 - Prob. 21ECh. 9.4 - Prob. 22ECh. 9.4 - Prob. 23ECh. 9.4 - Prob. 24ECh. 9.4 - Prob. 25ECh. 9.4 - Prob. 26ECh. 9.4 - Prob. 27ECh. 9.4 - Prob. 28ECh. 9.4 - Prob. 29ECh. 9.4 - Prob. 30ECh. 9.4 - Prob. 31ECh. 9.4 - Prob. 32ECh. 9.4 - Prob. 33ECh. 9.4 - Prob. 34ECh. 9.4 - Prob. 35ECh. 9.4 - Prob. 36ECh. 9.4 - Prob. 37ECh. 9.4 - Prob. 38ECh. 9.4 - Prob. 39ECh. 9.4 - Prob. 40ECh. 9.4 - Prob. 41ECh. 9.4 - Prob. 42ECh. 9.4 - Prob. 43ECh. 9.4 - Prob. 44ECh. 9.4 - Prob. 45ECh. 9.4 - Prob. 46ECh. 9.4 - Prob. 47ECh. 9.4 - Prob. 48ECh. 9.4 - Prob. 49ECh. 9.4 - Prob. 50ECh. 9.4 - Prob. 51ECh. 9.4 - Prob. 52ECh. 9.4 - Prob. 53ECh. 9.4 - Prob. 54ECh. 9.4 - Prob. 55ECh. 9.4 - Prob. 56ECh. 9.4 - Prob. 57ECh. 9.4 - Prob. 58ECh. 9.4 - Prob. 59ECh. 9.4 - Prob. 60ECh. 9.5 - Prob. 1ECh. 9.5 - Prob. 2ECh. 9.5 - Prob. 3ECh. 9.5 - Prob. 4ECh. 9.5 - Prob. 5ECh. 9.5 - Prob. 6ECh. 9.5 - Prob. 7ECh. 9.5 - Exercises 8-14 involve the information in Figure...Ch. 9.5 - Prob. 9ECh. 9.5 - Exercises 8-14 involve the information in Figure...Ch. 9.5 - Prob. 11ECh. 9.5 - Exercises 8-14 involve the information in Figure...Ch. 9.5 - Prob. 13ECh. 9.5 - Prob. 14ECh. 9.5 - Exercises 15-21 involve the information in Figure...Ch. 9.5 - Prob. 16ECh. 9.5 - Prob. 17ECh. 9.5 - Prob. 18ECh. 9.5 - Prob. 19ECh. 9.5 - Prob. 20ECh. 9.5 - Prob. 21ECh. 9.5 - Prob. 22ECh. 9.5 - Prob. 23ECh. 9.5 - Prob. 24ECh. 9.5 - Prob. 25ECh. 9.5 - Prob. 26ECh. 9.5 - Prob. 27ECh. 9.5 - Prob. 28ECh. 9.5 - Prob. 29ECh. 9.5 - Prob. 30ECh. 9.5 - Prob. 31ECh. 9.5 - Prob. 32ECh. 9.5 - Prob. 33ECh. 9.5 - Prob. 34ECh. 9.5 - Prob. 35ECh. 9.CR - In Exercises 1-6, do the following: a. Determine...Ch. 9.CR - Prob. 2CRCh. 9.CR - Prob. 3CRCh. 9.CR - Prob. 4CRCh. 9.CR - Prob. 5CRCh. 9.CR - Prob. 6CRCh. 9.CR - Prob. 7CRCh. 9.CR - Prob. 8CRCh. 9.CR - Prob. 9CRCh. 9.CR - Prob. 10CRCh. 9.CR - Prob. 11CRCh. 9.CR - Prob. 12CRCh. 9.CR - Prob. 13CRCh. 9.CR - Prob. 14CRCh. 9.CR - Prob. 15CRCh. 9.CR - Prob. 16CRCh. 9.CR - Prob. 17CRCh. 9.CR - Prob. 18CRCh. 9.CR - Prob. 19CRCh. 9.CR - Prob. 20CRCh. 9.CR - Prob. 21CRCh. 9.CR - Prob. 22CRCh. 9.CR - Prob. 23CRCh. 9.CR - Prob. 24CRCh. 9.CR - Prob. 25CRCh. 9.CR - Prob. 26CRCh. 9.CR - Exercises 2531 use the flight costs shown in...Ch. 9.CR - Exercises 2531 use the flight costs shown in...Ch. 9.CR - Prob. 29CRCh. 9.CR - Prob. 30CRCh. 9.CR - You live in Chicago, and you need to visit New...Ch. 9.CR - Prob. 32CRCh. 9.CR - Prob. 33CRCh. 9.CR - Prob. 34CRCh. 9.CR - Prob. 35CRCh. 9.CR - Prob. 36CRCh. 9.CR - Prob. 37CRCh. 9.CR - Prob. 38CRCh. 9.CR - Prob. 39CRCh. 9.CR - Prob. 40CRCh. 9.CR - Prob. 41CRCh. 9.CR - Prob. 42CRCh. 9.CR - Prob. 43CRCh. 9.CR - Prob. 44CRCh. 9.CR - Prob. 45CRCh. 9.CR - Prob. 46CRCh. 9.CR - Prob. 47CRCh. 9.CR - Prob. 48CRCh. 9.CR - Prob. 49CRCh. 9.CR - Prob. 50CRCh. 9.CR - Prob. 51CRCh. 9.CR - Prob. 52CRCh. 9.CR - Prob. 53CRCh. 9.CR - Prob. 54CRCh. 9.CR - Prob. 55CRCh. 9.CR - Prob. 56CRCh. 9.CR - Prob. 57CRCh. 9.CR - Prob. 58CRCh. 9.CR - Prob. 59CRCh. 9.CR - Prob. 60CRCh. 9.CR - Prob. 61CRCh. 9.CR - Prob. 62CRCh. 9.CR - Prob. 63CRCh. 9.CR - Prob. 64CR
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