Formulate an optimization model for this problem.
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ACE Hardware wants to develop a daily schedule for its employees in one of its stores in Omaha. Currently,
this store has five employees and the store is opened from 12pm to 9pm. The store must always have at least
two people on hand. Each employee must work at least four hours and no more than eight hours per day.
Employee #1 goes to school and cannot start before 4pm while all other employees can work at any time.
Furthermore, employee #1 earns $10 per hour while all other employees earn $12 per hour. Because all five
employees live so close to the store, you must assume that they do not need to work consecutive hours.
a) Formulate an optimization model for this problem.
b) Solve the optimization model using either the Microsoft Excel Solver or the IBM ILOG CPLEX
Optimization Studio.
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- IKEO is a furniture manufacturer which produces two sizes of wood blocks (type A and B) thatare used to make either a table or a chair. A table is made of a type A and a type B wood blocks,while a chair is made of a type A and two type B wood blocks.A table makes RM 3 profit, and a chair makes RM 5 profit. If M number of type A and Nnumber of type B wood blocks are produced, how many tables and chairs should themanufacturer make to obtain the greatest profit?For example, let M = 12 and N = 12.By making 4 tables (4 type A and 4 type B) and 4 chairs (4 type A and 8 type B), themanufacturer gain profit as follows,Profit = (RM 3) × 4 + (RM 5) × 4 = RM 32.If the manufacturer makes 2 more tables and 1 less chair, the profit will be increased as follows,Profit = (RM 3) × 6 + (RM 5) × 3 = RM 33.Is this the greatest profit?Write a complete C++ program to help the manufacturer determine the greatest profit obtainfrom making tables and chairs with a given number of M type A and N type B wood…A company uses four special tank trucks to deliver four different gasoline products to customers. Eachtank has five compartments with capacities: 500, 750, 1200, 1500, and 1750 gallons. The daily demands forthe four products are 10000, 15000, 12000, and 8000 gallons. Any quantities that cannot be delivered by thecompany’s four trucks must be subcontracted at the additional costs of 5, 12, 8, and 10 cents per gallon forproducts 1, 2, 3, and 4, respectively. The goal is to develop the optimal daily loading schedule for the fourtrucks that will minimize the additional cost of subcontracting. Formulate this problem as an integer linearprogram, and solve it (not by hand).Kate is organizing a special outdoor show which will take place on August 15. Theearnings from the show will depend heavily on the weather. If it rains on August 15,the show will lose $20,000; if it is sunny on August 15, the show will earn $15,000.Historically, the likelihood of rain on any given day in mid-August is 27%. Supposethat today is July 31 and Mary has the option of cancelling the show by the end oftoday. If she does so, she will then lose her $1000 deposit for booking of the eventfacilities.(a) Determine Kate’s optimal decision strategy given the above information
- HOMEPRO is a furniture manufacturer which produces two sizes of wood blocks (type A and B) thatare used to make either a table or a chair. A table is made of a type A and a type B wood blocks,while a chair is made of a type A and two type B wood blocks (See Figure 1) A table makes RM 3 profit, and a chair makes RM 5 profit. If M number of type A and Nnumber of type B wood blocks are produced, how many tables and chairs should themanufacturer make to obtain the greatest profit?For example, let M = 12 and N = 12.By making 4 tables (4 type A and 4 type B) and 4 chairs (4 type A and 8 type B), themanufacturer gain profit as follows,Profit = (RM 3) × 4 + (RM 5) × 4 = RM 32.If the manufacturer makes 2 more tables and 1 less chair, the profit will be increased as follows,Profit = (RM 3) × 6 + (RM 5) × 3 = RM 33.Is this the greatest profit? Write a complete C++ program to help the manufacturer determine the greatest profit obtainfrom making tables and chairs with a given number of M type A and…IKEO is a furniture manufacturer which produces two sizes of wood blocks (type A and B) thatare used to make either a table or a chair. A table is made of a type A and a type B wood blocks,while a chair is made of a type A and two type B wood blocks (See Figure 1) A table makes RM 3 profit, and a chair makes RM 5 profit. If M number of type A and Nnumber of type B wood blocks are produced, how many tables and chairs should themanufacturer make to obtain the greatest profit?For example, let M = 12 and N = 12.By making 4 tables (4 type A and 4 type B) and 4 chairs (4 type A and 8 type B), themanufacturer gain profit as follows,Profit = (RM 3) × 4 + (RM 5) × 4 = RM 32.If the manufacturer makes 2 more tables and 1 less chair, the profit will be increased as follows,Profit = (RM 3) × 6 + (RM 5) × 3 = RM 33.Is this the greatest profit? Write a complete C++ program to help the manufacturer determine the greatest profit obtainfrom making tables and chairs with a given number of M type A and N…The Mayfree Appliance Company requires sheet metal for its appliances. The company can purchase long coils of sheet metal in two different widths: 65 inches and 40 inches. The company must purchase the coils by linear foot of length: $1.20 per foot for a 64-inch coil and $1.00 per foot for a 40-inch coil. (This implies that a square foot, say, of the wider coil is less expensive.) Up to 4000 feet of the 65-inch coil is available, and up to 6000 feet of the 40-inch coil is available. There are manufacturing requirements for six different widths: 50, 45, 40, 35, 20, and 10 inches. Mayfree’s requirements are expressed as lengths of the various widths. The company requires 1000 feet of 50-inch width, 2500 feet of 45-inch width, 3000 feet of 40-inch width, 2300 feet of 35-inch width, 1300 feet of 20-inch width, and 2000 feet of 10-inch width. Determine how much of each width coil Mayfree should purchase and how it should cut the coils into various widths to meet its requirements at minimal…
- Recall Pigou’s example discussed in class, where there are two roads that connect a source, s, and destination, t. The roads have different travel costs. Fraction x1 of the traffic flow on route 1, and the remainder x2 on route 2. Here consider the following scenario. • The first road has “infinite” capacity but is slow and requires 1 hour travel time, T1 = 1. • The second road always requires at least 15 mins, which then increases as a function of traffic density, T2 = 0.25 + 0.75x2. If drivers act in a “selfish” manner – the user optimal scenario – all the traffic will flow on the second path, as one is never worse off. Worst case scenario for path 2, both paths take one hour. So no one is incentivized to change their behavior. 1. Assume user optimal behavior, and calculate τ the expected travel time per car. 2. If instead we could control the flows, we could minimize the expected travel time. Using the expression in part (a), calculate the optimal allocation of flows x¯1 and ¯x2…It has been observed by management that some faculty member at the university demonstrates a lackadaisical attitude toward work. They seldom go to class yet at the end of each month they receive full salary. Management has decided that GHs 200, 300, 400, and 500 will be deducted from a faculty’s salary if he/she offends once, twice, third time and forth time respectively in a month. This means that if a faculty member offends once in a month GHs 200 will be deducted, if a faculty member offends twice in a month, GHs 500 (i.e. 200+300) will be deducted, if a faculty member offends three times in a month GHs 900 (i.e. 200+300+400), will be deducted and if a faculty member offends four times in a month GHs 1,400 (i.e. 200+300+400+500). Assuming all faculty members are on a flat salary rate of GHs 2500.a. Write a program to request for the names of four faculty members and number times he/she has absented him/herself from class. One of them should have absented him/herself once, another…It has been observed by management that some faculty member at the university demonstrates a lackadaisical attitude toward work. They seldom go to class yet at the end of each month they receive full salary. Management has decided that GHs 200, 300, 400, and 500 will be deducted from a faculty’s salary if he/she offends once, twice, third time and forth time respectively in a month. This means that if a faculty member offends once in a month GHs 200 will be deducted, if a faculty member offends twice in a month, GHs 500 (i.e. 200+300) will be deducted, if a faculty member offends three times in a month GHs 900 (i.e. 200+300+400), will be deducted and if a faculty member offends four times in a month GHs 1,400 (i.e. 200+300+400+500). Assuming all faculty members are on a flat salary rate of GHs 2500.a. Write a program to request for the names of four faculty members and number times he/she has absented him/herself from class. One of them should have absented him/herself once, another…
- Vandelay Industries has 275 sales reps in order to sell its latex products, each to be assigned to one of four marketing teams. If the first team is to have four times as many members as the second team and the third team is to have five times as many members as the fourth team, how can the members be distributed among the teams?. Employees of a certain firm are paid on hourly basis at the end of each week. If an employee works up to 40hrs, the employee is paid 6 GHS and 7 GHS per hour for a male and female respectively. If an employee works for more than 50 hours then the employee is also paid 2.5 the corresponding regular rate for hours worked in excess of 40. All employees are to pay 10 % of their gross as INCOME TAX and 2.5% towards the NHIS. If an employee has more than 3 children then he or she pays 2 cedis per child in excess of three towards GETFUND. Write a C++ program that can print onto screen the Net Salary of any staff onto screen. NB (NETSALARY is equal to gross salary less all deductions (VAT, NHIS, GETFUND). Write a C++ program and draw a flow chart for a software solution that can solve for the problem above.Six months before its annual convention, the AmericanMedical Association must determine how many rooms toreserve. At this time, the AMA can reserve rooms at a costof $50 per room. The AMA must pay the $50 room costeven if the room is not occupied. The AMA believes that thenumber of doctors attending the convention will be normallydistributed, with a mean of 5,000 and a standard deviationof 1,000. If the number of people attending the conventionexceeds the number of rooms reserved, extra rooms must bereserved at a cost of $80 per room. Use simulation todetermine the number of rooms that should be reserved tominimize the expected cost to the AMA.