Here is a 5 by 5 assignment problem.34 103 8312 13 8492 45 103 35 637713 762058 2610 50 8229 95 4 35 90The problem is to meet the demand for minimal cost.Use the Hungarian algorithm to obtain the optimal solution andfill in your value for minimum cost: M4 Here is the optimal tableau for a standard Max problem.The original rhs wasNX101100 00(00X2X3X4$153 0 6.37.50-.128360 0-8-1/15 -3 1 1/15[300]180 but the value of b2 has been changed to 169.5300$28350.20121-1/10 0Complete using the Dual Simplex. what is the optimal value of z?rhs27006602First use the B-matrix method to find the new rhs for the above tableau(recall the shortcut for updated ž is y b where y is the dual solution and b is the updated rhs).what is the new value of b2 in the updated tableau?

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Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter7: Nonlinear Optimization Models

Section: Chapter Questions

Problem 46P

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Another way to derive a demand function is to break the market into segments and identify a low price, a medium price, and a high price. For each of these prices and market segments, we ask company experts to estimate product demand. Then we use Excels trend curve fitting capabilities to fit a quadratic function that represents that segments demand function. Finally, we add the segment demand curves to derive an aggregate demand curve. Try this procedure for pricing a candy bar. Assume the candy bar costs 0.55 to produce. The company plans to charge between 1.10 and 1.50 for this candy bar. Its marketing department estimates the demands shown in the file P07_47.xlsx (in thousands) in the three regions of the country where the candy bar will be sold. What is the profit-maximizing price, assuming that the same price will be charged in all three regions?
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Here is a 5 by 5 assignment problem. 83 13 76 13 84 58 26 92 45 103 35 63 34 103 12 77 20 10 50 82 29 95 4 35 90 The problem is to meet the demand for minimal cost. Use the Hungarian algorithm to obtain the optimal solution and fill in your value for minimum cost: