It is the method used in solving a minimization problem that utilizies the Chebyshev Criterion. Model fitting Golden section search method Interpolation Simplex method
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- The space shuttle is about to go up on another flight.With probability pt(z), it will use z type t fuel cells duringthe flight. The shuttle has room for at most W fuel cells. Ifat any time during the flight, all the type t fuel cells burnout, a cost ct will be incurred. Assuming the goal is tominimize the expected cost due to fuel cell shortages, set upa dynamic programming model that could be used todetermine how to stock the space shuttle with fuel cells.There are T different types of fuel cells.Mathematical model and optimal simplex table of a LP problem are given below. Calculate lower and upper bounds of the objective function coefficient of x1 with the help of sensitivity analysis.Determine the optimal value for the minimization of the following
- 22. Is there multicollinearity in the model? Yes, No or Cannot be determined?Once QBA 362 final exam is done, it will be time to reward Professor Hong with a well-deserved vacation. As a state employee, professor Hong hasn’t seen a raise since... well, ever.Thus, an important criterion, in fact the most important criterion is to find an exoticregion that can be visited inexpensively. There are three states of nature that could impact costs in these five areas of interest. Professor Hong has determined the average cost per day to visit each region under each of the possible states of nature. This table, which should not be construed as actual vacation advice, appears below. (Remember they are costs. Lower is better. For example, the most optimistic case is the one with lowest cost.) Region Strong Dollar Middling Dollar Weak Dollar Eastern Europe 33 54 57 Southeast Asia 41 56 36 Australia 45 44 58 Galapagos Islands 37 35 26…A possible solution for dealing with the problem of empty cells in the partial tables when using the elaboration technique is to a. use more than one control variable. b. avoid using a control variable. c. eliminate the dependent variable. d. collapse the categories of all variables to the minimum possible.
- Use the minimum-entry and u-v methods to solve the following minimum-cost transportationproblem. Assuming there is no cost associated with the artificial warehouse or market.Use Bland’s rule to choose entering and leaving variables where variables/cells are ordered from topto bottom and left to right.Fast-food restaurants are always looking for ways to cut down on expenses. Believe it or not, such restaurants may be able to decrease yearly expenses simply by decreasing the size of the paper napkins they provide to patrons. (Such a change also puts the restaurants in a more environmentally friendly position.) Papel Paper Products, a major paper company hoping to infiltrate the restaurant supply market, is considering pitching the smaller-napkin idea to potential restaurant clients. To determine the receptiveness of different restaurants to the idea, Papel surveyed 400 fast-food establishments chosen at random, and looked at the data according to two variables: type of fast-food restaurant ("burger/sandwich", "Chinese/Mexican", or "other") and attitude toward the smaller-napkin idea ("receptive" or "not receptive.") The data are summarized in the contingency table below. Each of the 6 cells of the table contains three numbers: the first number is the observed cell frequency (fO);…Fast-food restaurants are always looking for ways to cut down on expenses. Believe it or not, such restaurants may be able to decrease yearly expenses simply by decreasing the size of the paper napkins they provide to patrons. (Such a change also puts the restaurants in a more environmentally friendly position.) Papel Paper Products, a major paper company hoping to infiltrate the restaurant supply market, is considering pitching the smaller-napkin idea to potential restaurant clients. To determine the receptiveness of different restaurants to the idea, Papel surveyed 400 fast-food establishments chosen at random, and looked at the data according to two variables: type of fast-food restaurant ("burger/sandwich", "Chinese/Mexican", or "other") and attitude toward the smaller-napkin idea ("receptive" or "not receptive.") The data are summarized in the contingency table below. Each of the 6 cells of the table contains three numbers: the first number is the observed cell frequency (fO);…