Question #3 Consider the following LP model and it is graphical solution to answer questions from a) to g). Maximize z= 4x1+5x2 Subject to: X15 .(1) 2x1+X2S12. .(2) X1+2x2s12. .(3) X1, X220.. ..(4) 12 11 10 7 B C D 2 A 2 3 E 9 10 11 12 1 a) What is the optimal solution x1, X2 and z? b) Determine the optimality range of the objective function coefficient c1. c) Determine the feasibility range of the right-hand side for constraint 1, 2 and 3.
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- Problem 3: Let L(x, y) be the statement “x loves y”, where the domain for both x and y consists of all people in the world. Use quantifiers to express each of the following statements.1. Everybody loves Jerry.2. Everybody loves somebody.3. There is somebody whom everybody loves.4. Nobody loves everybody.5. There is somebody whom Lydia does not love.6. There is somebody whom no one loves.7. There is exactly one person whom everybody loves.8. There are exactly two people whom Lynn loves.9. Everybody loves himself or herself.10. There is someone who loves no one besides himself or herself.PROBLEM 6 An investment firm has $1 million to invest in stocks, bonds, certificates of deposit, and real estate. The firm wishes to determine the mix of investments that will maximize the cash value at the end of 6 years. Opportunities to invest in stocks and bonds will be available at the beginning of each of the next 6 years. Each dollar invested in stocks will return $1.20 (a profit of $0.20) 2 years later; the return can be immediately reinvested in any alternative. Each dollar invested in bonds will return $1.40 3 years later; the return can be reinvested immediately. Opportunities to invest in certificates of deposit will be available only once, at the beginning of the second year. Each dollar invested in certificates will return $1.80 four years later. Opportunities to invest in real estate will be available at the beginning of the fifth and sixth years. Each dollar invested will return $1.10 one year later. To minimize risk, the firm has decided to diversify its…Use the information below to answer question 2x + 3y + 3z = 2 4x – 3y – 6z = 2 10x – 6y + 3z = 0 1. Given values – 144, -192, and 96 for Dx, Dy, and Dz respectively and D = 144. Then the solution to the system for x, y and z are: A. -1, -1.33, and 0.67 B. -0.47, -0.63 and 0,30 C. 0.5, 0.67 and-0.33 D. 0.73, 0.98 and -0.49
- Consider the following linear programming model: maximize Z = 3x1 + 2x2 subject to : x1 +x2 ≤ 1 x1 + x2 ≥ 2 x1,x2 ≥ 0 a) Write this model in a standard (augmented) form. (i.e. Introduce slack/surplus, artificial etc.)b) Constract the initial simplex tableau and carry on your calculations to solve this model using the simplex method. Interpret your result.SOLVE THE FOLLOWING LP QUESTION Company XYZ wants to assign four different categories of machines to five types of tasks. The numbers of machines available in the four categories are 25, 30, 20, and 30. The numbers of jobs in the five tasks are 30, 10, 20, 25, and 20. Machine category 4 cannot be assigned to task type 4. Table 5.31 provides the unit cost (in dollars) of assigning a machine category to a task type. The objective of the problem is to determine the optimum number of machines in each category to be assigned to each task type. Solve the problem and interpret the solution.(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.
- 2. Provident Capital Corp. specializes in investment portfolios designed to meet the specific risk tolerances of its clients. A client contacted Provident with P2,000,000 available to invest. Provident’s investment advisor recommends a portfolio consisting of two investment funds: the Dynamic fund and the Diversified fund. The Dynamic fund has a projected annual return of 10%, and the Diversified fund has a projected annual return of 8%. The investment advisor requires that at most P1,400,000 of the client’s funds should be invested in the Dynamic fund. Provident’s services include a risk rating for each investment alternative. The Dynamic fund, which is the more risky of the two investment alternatives, has a risk rating of 6 per P40,000 invested. The Diversified fund has a risk rating of 4 per P40,000 invested. For example, if P400,000 is invested in each of the two investment funds, Provident’s risk rating for the portfolio would be 6(10) + 4(10) = 100. Finally, Provident developed…Problem 16-15 (Algorithmic) Strassel Investors buys real estate, develops it, and resells it for a profit. A new property is available, and Bud Strassel, the president and owner of Strassel Investors, believes if he purchases and develops this property it can then be sold for $160,000. The current property owner has asked for bids and stated that the property will be sold for the highest bid in excess of $100,000. Two competitors will be submitting bids for the property. Strassel does not know what the competitors will bid, but he assumes for planning purposes that the amount bid by each competitor will be uniformly distributed between $100,000 and $150,000. Develop a worksheet that can be used to simulate the bids made by the two competitors. Strassel is considering a bid of $130,000 for the property. Using a simulation of 1000 trials, what is the estimate of the probability Strassel will be able to obtain the property using a bid of $130,000? Round your answer to 1 decimal place.…Problem 2: Comp-Max Computers assembles computers and computer equipment. It is about to start production of threenew types of computers, called model X, Y, and Z, respectively. Each type will require assembly time, inspection time, and storage space. The availability of each of these resources is limited. Specifically, available assembly time is 400 hours, available inspection time is 300 hours, and available storage space is 500 cubic feet (about 14.2 ms). The amount of each resource required for the different products is reported in the table below. Model X earns a profit of $100 per unit, model Yearns a profit of $125 per unit, and model 2 earns a profit of $200 per unit. Due to some prior agreements with customers, Comp-Max must produce at least 12 model X computers. In addition, management requires that the fraction of total production made up of model 2 computers must not exceed 25%. RESOURCE REQUIREMENTS Assembly time Inspection time Storage space MODEL hrs/unit hrsJunit cu.…
- Please show how to solve bQuestion: B) Identify The Economic Order Quanitity And Consider The Implications For Making An Error In Calculating Economic Order Quanitity. This problem has been solved! See the answer b) Identify the economic order quanitity and consider the implications for making an error in calculating economic order quanitity.In problems involving maximization and minimization, what is the objective function? States intended outcome in equation form Incorporates constraint of maximum budget Lists set of potential restrictions on the solution Cites constraints to ensure objectivity