To solve the linear program using SIMPLEX algorithm :

Question

Want to see the full answer?

Answer 1

Question

Chapter 29.3, Problem 5E

Program Plan Intro

To solve the linear program using SIMPLEX algorithm:

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Solve the following problem and find the optimal solution.

K = 0, L = 18 Write and solve the following linear program using lingo, take screen shots of your model as well as the reports and the optimal solution. Clearly show the optimal solution.NB:K=the second digit of your student number;L=sum of the digits of your student number, For example if your student number is 17400159 thenK=7andL=1+7+4+0+0+1+5+9=27!!!! SAVE YOUR FILE BY YOUR STUDENT NUMBER!!!!minz=t∈T∑(AtYt+PtXt)+k∈K∑(HkUk+BkVk)s.t.Uk+Vk=50∀k∈KXt−CtYt<=0∀t∈Tk∈K∑Vk≥80t∈T∑Xt≥t∈T∑DtXt>=0∀t∈TYt∈{0,1}∀t∈TUk>=0∀k∈KVk>=0∀k∈KThe sets parameters and data are as follows: \[ \begin{array}{l} \mathrm{T}=\{1,2,3,4\} \\ \mathrm{K}=\{0,1,2,3,4\} \\ \mathrm{A}=\{5000,7000,8000,4000\} \\ \mathrm{D}=\{250,65,500,400\} \\ \mathrm{C}=\{500,900,700,800\} \\ \mathrm{P}=\{20, \mathrm{~L}, 25,20\} \\ \mathrm{H}=\{5,3,2, \mathrm{~K}, 9\} \\ \mathrm{B}=\{8,5,4,7,6\} \end{array} \]

Using Python/PuLP solve At the beginning of month 1, Finco has $400 in cash. At the beginning of months 1, 2, 3, and 4, Finco receives certain revenues, after which it pays bills (see Table 2 below). Any money left over may be invested for one month at the interest rate of 0.1% per month; for two months at 0.5% per month; for three months at 1% per month; or for four months at 2% per month. Use linear programming to determine an investment strategy that maximizes cash on hand at the beginning of month 5. Formulate an LP to maximize Finco’s profit. Table 2 Month Revenues ($) Bills ($) 1 400 600 2 800 500 3 300 500 4 300 250