a. Define the Simplex Algorithm b. How does Simplex Algorithm work? c. Solve a Simple Linear Programming Problem using Simplex.
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a. Define the Simplex Algorithm
b. How does Simplex Algorithm work?
c. Solve a Simple Linear Programming Problem using Simplex.
Step by step
Solved in 4 steps
Can another example be provided for
c. Solve a Simple Linear Programming Problem using Simplex.
The one above is a bit conf
- The topic is about Quantitive analysis and decision making. Problem: A firm just completed a new plant that will producemore than 500 different products, using morethan 50 different production lines and machines.The production scheduling decisions are criticalin that sales will be lost if customer demands arenot meet on time. If no individual in the firmhas experience with this production operationand if new production schedule must begenerated each week, why should the firmconsider a quantitative approach to theproduction scheduling problem?(b) A company produces 3 products A, B and C processed on 3 machines P, Q, R before completion. Machine P can process 25 units of A or 50 unit of B or 75 units of C per hour. Machine Q can process 50 units of any of the products per hour. Machine R can process 50 units of A or 25 unit of B or 100 units of C per hour. The processing hours available on machines P, Q and R are 12, 12 and 13 respectively. Use matrix method, find (i) How many units of each of the three products can be produced per day (ii) The production cost per unit, if cost per hour of operating machines A,B and C are N$500, N$1,000 and N$1,500 respectively. (iii) The total cost of production.Compare interior-point algorithms with the simplex method?
- I need a detailed explanation and assistance to solve this proble: A client asks his stockbroker to invest $100,000 for maximum annual income, subject to the three conditions: Spread the investment over no more than three different stocks. Put no more than 40 percent of the money into any one stock Put a minimum of $10,000 into an oil stock. The broker has identified three stocks for investment. Their estimated annual returns per share and price per share are shown in the following table: Stock Price per Share Estimate Annual Return per Share Oil $120 $11 Auto $52 $4 Pharmaceutical $18 $2 The client wishes to use LP to determine the optimal number of shares to buy for each stock, so as to maximize the total estimated return. a) Write down the decision variables. b) Write down the optimization statement for the objective function. c) Write down the constraints.Plz solve correctly I vill upvote I had posted it before but the solution was wrong Plz don't give previous solutions1. For each statement specify whether it is True or False? MLP solver is a heuristic method. A local optimum is better than all nearby points. An optimization problem can only have one local optimal solution. A global optimum is the best point in the entire feasible region. An optimization problem can only have one global optimal solution. For linear optimization problems any local optimal solution is a global optimal solution. For some nonlinear programming problems, Solver can get stuck at a local optimum and never find the global optimum. Forsomelinearprogrammingproblems,Solvercangetstuckatalocaloptimumandnever find the global optimum. Solver is guaranteed to find the global optimum for convex nonlinear optimization problems. A heuristic is a relatively simple solution method that often provides good but not necessarily optimal solutions. MLP solver is a heuristic method.
- 27 In order to manufacture 3,000 pairs of shoes in a week, a firm can use 3,000 workers and 100 machines or 200 machines and 4,000 workers Which method is considered more technically efficient? a 4,000 workers and 200 machines b Both are equally efficient c 3,000 workers and 100 machines d Neither could be considered efficient 33 A manufacturing business can use 100 workers and 20 machines, 140 workers and 18 machines, or 150 workers and 18 machines to produce 80 chairs If each worker costs $40 and each machine is rented for $1000, the economically efficient input combination is: a 100 workers and 20 machines b 150 workers and 18 machines c none of these input combinations d 140 workers and 18 machinesThe difference between job enrichmem and job enlargement is that:a) enlarged jobs contain a larger number of similar tasks, while enriched jobs include some of the planning and control necessary for job accomplishment.b) enriched jobs contain a larger number of similar tasks, while enlarged jobs include some of the planning and control necessary for job accomplisllment.c) enriched jobs enable an employee to do a number of boring jobs instead of just one.d) all of the above.Snyders of Hanover, which sells about 80 million bags of pretzels, snack chips, and organic snackitems each year, had its financial department use spreadsheets and manual processes for much of itsdata gathering and reporting. Snyder’s financial analyst would spend the entire final week of everymonth collecting spreadsheets from the heads of more than 50 departments worldwide. She wouldthen consolidate and reenter all the data into another spreadsheet, which would serve as the company’s monthly profit-and-loss statement. If a department needed to update its data after submittingthe spreadsheet to the main office, the analyst had to return the original spreadsheet, then wait for thedepartment to resubmit its data before finally submitting the updated data in the consolidated document.Assess the impact of this situation on business performance and management decision making.
- 1– Please complete all work in excel. Use excel to make the calculations (cells can be clicked on to view any formulas used) and be sure to identify your answer, including units. You must have an excel file with formulas within the cell. A. XCountry Train Inc. specializes in trans-American moves for businesses and individuals through the delivery of containers. For every container the company loads on its trans-American rail, the business must pay the rail owners $8,000. In addition, containers are weighed and for each pound of weight, the company must pay $0.10. Harry plans to charge $0.50 per pound to his customers. What would the total revenue be for this?1– Please complete all work in excel. Use excel to make the calculations (cells can be clicked on to view any formulas used) and be sure to identify your answer, including units. You must have an excel file with formulas within the cell. a. XCountry Train Inc. specializes in trans-American moves for businesses and individuals through the delivery of containers. For every container the company loads on its trans-American rail, the business must pay the rail owners $8,000. In addition, containers are weighed and for each pound of weight, the company must pay $0.10. Harry plans to charge $0.50 per pound to his customers. The company finds out that to maintain the integrity of its containers, each container could only hold an average of 30,000 pounds. What would the company have to charge customers to make $8,000 in profit on each container?When composing a résumé without much relevant work history, the best thing to do with an unrelated part-time job is_____.