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1. Objective function in the linear programming model is what we want to acheive i.e. maximize or minimize
The best fit answer is C. To indicate exactly the business parameters and criterion that we would like to optimize
2. A typical programming function contains :
A, B , C .
So, E is correct
1 2 3 pleaae answer all 1. To express how much limited resources should be added....
QUESTION 20 In what parts of a linear programming formulation do the decision variables appear? In the objective function only In the RHS of constraints only In the LHS of constraints only Can appear in both RHS and LHS of constraints AND the objective function None are correct QUESTION 21 A constraint that directly affects the optimal solution in a linear program is called A non-binding constraint A null constraint A binding constraint None of the above QUESTION 22 Which...
You’ve been asked to develop a problem that can be used to explain some of the concepts you know to someone who has never heard of linear programming. 1. Formulate a maximization problem such that the following conditions are met (you may not use a problem has appeared on this assignment). Make sure to include all elements of formulation that we have discussed (i.e., objective function, constraints, non-negatives). a. LP problem with two decision variables (using X and Y as...
16.10 Consider the linear programming problem minimze -T subject to 1-2-1 T1,2 20 a. Write down the basic feasible solution for z as a basic variable. b. Compute the canonical augmented matrix corresponding to the basis in part a c. If we apply the simplex algorithm to this problem, under what circum stance does it terminate? (In other words, which stopping criterion in the simplex algorithm is satisfied?) d. Show that in this problem, the objective function can take arbitrarily...
The Surest Concrete Company produces cement in a continuous process. Two ingredients in the cement are sand, which Surest purchases for $8 per ton, and gravel, which costs $10 per ton. The other ingredients are lumped together and referred to as “Other”. The cost of the other ingredients is $7 per ton. No more than 40 percent of the cement can be sand, and at least 30 percent of the cement must be gravel. The maximum amount of gravel available is 100 tons. The...
Answers please Production and Operations Management (29:623:311) Spring 2019 3. A linear programming model is given as follows: maximize Z = 50x1 + 80x2 + 64x3 + 80x4 Subject to 5xit 2.5x2 +4.5x3 +3.99x, S 600 4.1x, + 2.6xz +5.5x +1.9x, S 500 15x, 22x2 +18x3 +25x4 S 400 8x+ 12.6x2 +9.7x3 +10.55x4 S 1700 x1 + x2 2 0.60 (a) Solve the problem by using excel solver. (b) What are the sensitivity ranges for the objective function coefficients? (c)...
questions 5 6 7 PARTILMULTIPLE CHOI how much or how many of something to produce, purchase, hire, etc. в, C. represent the values of the constraints measure the objective function. D. must exist for each constraint. PNDVS 2. Which of the following statements is NOT true? A. A feasible solution satisfies all constraints. B. An optimal solution satisfies all constraints. C An infeasible solution violates all constraints. D. A feasible solution point does not have to lie on the boundary...
Your problem will have exactly two variables (an X1 and an X2) and will incorporate a maximization (either profit or revenue) objective. You will include at least four constraints (not including the X1 ≥ 0 and X2 ≥ 0 [i.e., the “Non-negativity” or “Duh!”] constraints). At least one of these four must be a “≤” constraint, and at least one other must be a “≥” constraint; do not include any “= only” constraints. You must have a unique Optimal Solution...
Question 11 an assignment problem is a special type of transportation problem. True False Question 12 when formulating a linear programming problem on a spreadsheet, the data cells will show the optimal solution. True False Question 13 an example of a decision variable in a linear programming problem is profit maximization. True False Question 14 Predictive analytics is the process of using data to. C) determine the break-even point. D) solve linear programming problems. B) predict what will happen in...
3. JApplication of Linear Programming in Finance - Model Formulation (10 pts)] Jacksonville Trust Co. LTD invests in various types of securities. They have $12 million for immediate investment and wish to maximize the interest earned over the next year. Risk is not a uctor. Preferred investment alternatives include Bonds (B), Stocks (S), Gold (G), Land (L), BitCoin* (C), and famous Art Masterpieces (M). The expected return for Bonds is 5%, Stocks 12%, Gold 11%, Land 4%, BitCoin 2%, and...
1. All functions should be written AFTER the main procedure. 2. A function prototype should be written for each function and placed BEFORE the main procedure. 3. Each function should have a comment explaining what it does. 4. Each function parameter should have a comment explaining the parameter. 5. Prompt for the number of elements of the list. 6. Allocate an array whose size equals the number of elements specified by the user. 7. Read into the array the elements...