A firm has prepared the following binary integer program to evaluate a number of potential locations for new warehouses. The firm'sgoal is to maximize the net present value of their decision while not spending more than their currently available capital.Max 20x1 + 25x2 + 20x3+ 30x4s.t. 7x1 + 6x2 + 5x3 + 10x4 s 13 {Constraint 1)X1+ x2 + x3 + x4 2 2 {Constraint 2)X1+ x2 s 1 {Constraint 3}X1+ x3 2 1{Constraint 4}x2 = x4 (Constraint 5}(1, if location jis selected| 0, otherwiseSolve this problem to optimality and answer the following questions:a. Which of the warehouse locations will/will not be selected?Location 1 willLocation 2 willLocation 3 willLocation 4 willb. What is the net present value of the optimal solution? (Round your answer to the nearest whole number.)Net present valuec. How much of the available capital will be spent (Hint: Constraint 1 enforces the available capital limit)? (Round your answer to thenearest whole number.)Available capital

All the formulated LPP is given. We can solve this by excel.

Answered: A firm has prepared the following…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

See similar textbooks

Similar questions

A firm has prepared the following binary integer program to evaluate a number of potential locations for new warehouses. The firm’s goal is to maximize the net present value of their decision while not spending more than their currently available capital. Max 15x1 + 15x2 + 15x3+ 30x4s.t. 7x1 + 13x2 + 11x3 + 10x4 ≤ 20 {Constraint 1}x1 + x2 + x3 + x4 ≥ 2 {Constraint 2}x1 + x2 ≤ 1 {Constraint 3}x1 + x3 ≥ 1 {Constraint 4}x2 = x4 {Constraint 5} xj = 1, if location j is selected0, otherwise Solve this problem to optimality and answer the following questions: Which of the warehouse locations will/will not be selected?
A firm has prepared the following binary integer program to evaluate a number of potential locations for new warehouses. The firm’s goal is to maximize the net present value of their decision while not spending more than their currently available capital. Max 15x1 + 25x2 + 15x3+ 35x4s.t. 8x1 + 11x2 + 6x3 + 6x4 ≤ 17 {Constraint 1}x1 + x2 + x3 + x4 ≥ 2 {Constraint 2}x1 + x2 ≤ 1 {Constraint 3}x1 + x3 ≥ 1 {Constraint 4}x2 = x4 {Constraint 5} xj = {1, if location j is selected0, otherwisexj = 1, if location j is selected0, otherwise Solve this problem to optimality and answer the following questions: Which of the warehouse locations will/will not be selected? What is the net present value of the optimal solution? (Round your answer to the nearest whole number.) How much of the available capital will be spent (Hint: Constraint 1 enforces the available capital limit)? (Round your answer to the nearest whole number.)
A firm has prepared the following binary integer program to evaluate a number of potential locations for new warehouses. The firm’s goal is to maximize the net present value of their decision while not spending more than their currently available capital. Max 15x1 + 25x2 + 15x3+ 35x4s.t. 8x1 + 11x2 + 6x3 + 6x4 ≤ 17 {Constraint 1}x1 + x2 + x3 + x4 ≥ 2 {Constraint 2}x1 + x2 ≤ 1 {Constraint 3}x1 + x3 ≥ 1 {Constraint 4}x2 = x4 {Constraint 5} xj = 0, 1 Solve this problem to optimality and answer the following questions: Which of the warehouse locations will/will not be selected? Location 1 will Answer Location 2 will Answer Location 3 will Answer Location 4 will Answer What is the net present value of the optimal solution? (Round your answer to the nearest whole number.) Net present value Answer How much of the available capital will be spent (Hint: Constraint 1 enforces the available capital limit)? (Round your answer to the nearest whole number.) Available capital Answer
A firm has prepared the following binary integer program to evaluate a number of potential locations for new warehouses. The firm’s goal is to maximize the net present value of their decision while not spending more than their currently available capital. Max 35x1 + 25x2 + 15x3+ 30x4s.t. 7x1 + 8x2 + 7x3 + 13x4 ≤ 18 {Constraint 1}x1 + x2 + x3 + x4 ≥ 2 {Constraint 2}x1 + x2 ≤ 1 {Constraint 3}x1 + x3 ≥ 1 {Constraint 4}x2 = x4 {Constraint 5} xj = {1, if location j is selected0, otherwisexj = 1, if location j is selected0, otherwise Solve this problem to optimality and answer the following questions:
An individual wishes to invest PhP 50,000 over the next year in two types of investment: Investment A yields 5%, and investment B yields 8%. Market research recommends an allocation of at least 25% of the actual total investment in A and at most 50% of the actual total investment in B. Moreover, investment in A should be at least half the investment in B. How should the fund be allocated to the two investments? questions: -Find the feasible region -Find the corner points -Find the optimal value
A decision problem has the following three constraints: 70X + 6Y <= 420; 24X + 3Y= 72; and 11X - Y <= 14 . The objective function is Min 17X + 38Y . The objective function value is : a. 338 b. 676 c. unbounded d. infeasible e. 0
formulate a linear program Vince Oliver plans to invest P 30,000 in municipal bonds, savings bonds, and treasury bills. He wishes to invest a minimum of P 5,000 in each of the three. If the interest rates are 12% for municipal bonds, 8% for savings bonds, and 10% for treasury bills, how much should he invest in each?
A Quezon-city based medium-sized firm has prepared the following binary integer program to evaluate a number of potential new capital projects. The firm's goal is to maximize the net present value of their decision while not spending more than their currently available capital. Max 100x1 + 120x2 + 90x3 + 135x4 s.t. 150x1 + 200x2 + 225x3 + 175x4 ≤ 500 {Constraint 1} x1 + x2 + x3 + x4 ≥ 2 {Constraint 2} x2 + x4 ≤ 1 {Constraint 3} x2 + x3 ≥ 1 {Constraint 4} x1 = x4 {Constraint 5} What is the expected net present value of the optimal solution? Group of answer choices
Please do not give solution in image formate thanku. Hoosier Power needs to determine a capacity expansion plan to meet Bloomington’s power needs for the next 20 years. The current capacity is 5,000 kWh. The demand for the current year is 4,000 kWh, and demand is expected to increase by 1,000 kWh in each succeeding year. At the beginning of each year, Hoosier Power must determine the amount of capacity to add, given the following inputs: Any year in which capacity is added, a fixed cost of $120,000 is incurred plus a cost of $120 per kWh of capacity; At most 10,000 kwh of capacity can be added in a single year; It costs $24 per year to maintain a unit of capacity; It costs $12 per year to produce one kWh; If production does not meet demand, a shortage cost of $75 per kWh short is incurred. Hoosier Power wants to determine a capacity expansion plan with the minimal total cost to meet Bloomington’s power needs for the next 20 years. Define the decision variables and write down the…
develope a space matrix for macdonalds. Below are the instructions. The steps required to develop a SPACE Matrix are as follows: 1. Select a set of variables to define financial position (FP), competitive position (CP), stability position (SP), and industry position (IP). 2. Assign a numerical value ranging from +1 (worst) to +7 (best) to each of the variables that make up the FP and IP dimensions. Assign a numerical value ranging from -1 (best) to -7 (worst) to each of the variables that make up the SP and CP dimensions. On the FP and CP axes, make comparison to competitors. On the IP and SP axes, make comparison to other industries. 3. Compute an average score for FP, CP, IP, and SP by summing the values given to the variables of each dimension and then by dividing by the number of variables included in the respective dimension. 4. Plot the average scores for FP, IP, SP, and CP on the appropriate axis in the SPACE Matrix. 5. Add the two scores on the x-axis and plot the resultant…
Mr. Smith is a rentier, he lives on renting apartments. However, these days he has to sell one of his apartments to get a big money. He hesitates which of three apartments of his to sell. Help Mr. Smith to make the right decision if you know the following: The present prices per m2 in the three locations equal: A) 4000, B) 5000, C) 6000 goldies, respectively. However, the long-run prices of those real estates are: A) 5000, B) 6000, and C) 7000 goldies, whereas the respective standard deviations are A) 400, B) 500, and C) 250 goldies.
The Acme Company operates four factories that ship products to five warehouses. The shipping costs, requirements capacities, and optimal allocations are shown below. Factory Shipping Cost per Case to Warehouses Capacity W1 W2 W3 W4 W5 F1 $1.50 $4.50 $6.00 $7.50 $9.00 40,000 30,000 10,000 F2 $3.00 $3.00 $1.50 $6.00 $7.50 30,000 25,000 5,000 F3 $1.50 $7.50 $1.50 $4.50 $1.50 30,000 10,000 20,000 F4 $7.50 $3.00 $6.00 $7.50 $6.00 25,000 25,000 Demand 30,000 35,000 25,000 15,000 20,000 125,000 What is the total cost of the optimal solution? Total cost = $nothing. (Enter your response to the nearest dollar.)

SEE MORE QUESTIONS

Recommended textbooks for you

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Business in Action

Operations Management

ISBN:

9780135198100

Author:

BOVEE

Publisher:

PEARSON CO

Purchasing and Supply Chain Management

Operations Management

ISBN:

9781285869681

Author:

Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:

Cengage Learning

Production and Operations Analysis, Seventh Editi…

Operations Management

ISBN:

9781478623069

Author:

Steven Nahmias, Tava Lennon Olsen

Publisher:

Waveland Press, Inc.

SEE MORE TEXTBOOKS