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- A company has three plants at location A,B and C which produce the same product. It has to supply this to buyers located at P, Q and R. The weekly plant capacities for A, B and C are 250, 800 and 350 units respectively, while the buyer requirements are 700, 200 and 500 for P, Q and R respectively. The unit shipping cost (in Ksh) are given as Plant Buyer P Buyer Q Buyer R A 8 4 10 B 9 7 9 C 6 5 8 Determine the distribution for the company so as to minimize the cost of transportation using least cost method.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.Rand Enterprises is considering a number of investment possibilities. Specifically, each investment under consideration will draw on the capital account during each of its first three years, but in the long run, each is predicted to achieve a positive net present value (NPV). Listed here are the investment alternatives, their net present values, and their capital requirements, and all figures are in millions of dollars. In addition, the amount of capital available to the investments in each of the next three years is predicted to be $20 million, $12 million, and $20 million, respectively. Project One-PhaseExpansion Two-PhaseExpansion TestMarket AdvertisingCampaign BasicResearch PurchaseEquipment NPV 5.0 8.1 11.6 5.3 10.4 4.2 Year 1 Capital 3.6 3.0 7.2 2.4 6.0 1.2 Year 2 Capital 1.2 4.2 4.8 1.8 1.2 0.6 Year 3 Capital 4.8 4.2 6.0 2.2 4.8 1.1 In addition, the following constraints have to be met: a. The expansion investments are mutually exclusive and only one of…
- 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…Consider the following linear program. Max 2A + 3B s.t. 5A + 5B ≤ 350 Constraint 1 −1A + 1B ≤ 10 Constraint 2 1A + 3B ≥ 90 Constraint 3 A, B ≥ 0 Identify the optimal extreme point. What is the optimal solution? (A, B)= (30, 40) How much slack or surplus is associated with the nonbinding constraint? Constraint 3 is the nonbinding constraint. There is a surplus of _________ associated with this constraint. (THE QUESTION BEING ASKED)Formulate a system of equations for the situation below and solve.Cantwell Associates, a real estate developer, is planning to build a new apartment complex consisting of one-bedroom units and two- and three-bedroom townhouses. A total of 204 units is planned, and the number of family units (two- and three-bedroom townhouses) will equal the number of one-bedroom units. If the number of one-bedroom units will be 3 times the number of three-bedroom units, find how many units of each type will be in the complex. one-bedroom units units two-bedroom townhouses units three-bedroom townhouses units
- Mary is planning to do two part-time jobs, one in the retail store ABC and the other in the restaurant LMNO, to earn tuition. She decides to earn at least $120 per week. In ABC, she can work 5 to 12 hours a week, and in LMNO, she can work 4 to 10 hours a week. The hourly wages of ABC and LMNO are $6 per hour and $8 per hour, respectively. When deciding how long to work in each place, Mary hopes to make a decision based on work stress. According to reviews on the Internet, Mary estimates that the stress levels of ABC and LMNO are 1 and 2 for each hour of working, respectively (stress levels are between 1 and 5; a large value means a high work stress which may cause work and life imbalance). Since stress accumulates over time, she assumes that the total stress of working in any place is proportional to the number of hours she works in that place. (a)How many hours should Mary work in each place per week? State verbally the objective, constraints and decision…Type the linear program, optimal solution, and objective function value in a word document. Submit your excel file. An investor wishes to invest some or all of his $12.5 million in a diversified portfolio through a commercial lender. The types of investments, the expected interest per year, and the maximum allowed percentage investment he will consider are shown on the following table. He wants at least 35% of his investments to be in nonmortgage instruments and no more than 60% to be in high-yield (and high-risk) instruments (i.e., expected interest > 8%). How should his investment be diversified to make the most interest income? Investment Expected Return Maximum Allowed Low-income mortgage loans 6.50% 20% Conventional mortgage loans 6.00% 30% Government sponsored mortgage loans 8.25% 25% Bond investments 5.75% 15% Stock investments 8.75% 18% Futures trading 9.25% 10%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 AnswerFour proposals are being considered with investment and NPW shown below. C can only beconsidered if B is implemented. B and D and E are mutually exclusive. The budget is $80.A B C D EInvestment $10 $20 $30 $40 $50NPW $34 $28 $20 $16 $32a) Formulate this as a 0-1 integer program (objective function and constraints).b) Use trial and error to find all feasible solutions, and indicate which is optimal.c) Set up this problem in Excel, and use Solver to find the same optimal solutionCompute the objective function value for the following problem: Min 30X + 150Y subject to : 2X>=0 ;2X + 10Y = 20; X+Y>=0 a. 0 b. 54 c. infeasible d. 300 e. unbounded