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Linear Prog COP4355_Part_53

# Linear Prog COP4355_Part_53 - Chapter 17 Simulation 216...

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216 Chapter 17 Simulation 17.21 (continued) (d) ( ) 15 + 20 + 6 41 = = .683 60 60

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Solutions Manual and Workbook 217 PROBLEMS 17.22 THROUGH 17.25 ANSWERS ARE BASED ON A RANDOM NUMBER SEED OF 25. 17.22 Avg. surplus = 115.00 17.23 Avg. surplus = 450.63 17.24 Avg. surplus = 105.43 17.25 Avg. surplus = 15.50 17.26 Avg. surplus = 4.84 17.27 Avg. surplus = 1.22 17.28 Avg. number in system = 8.94. Yes, the bank must construct a new facility. 17.29 Max in system = 5; Min. in system: 0; Avg. in system: .7666667 17.30 Max in system: 3; Min in system: 0; Avg. in system: 1.25.
218 Chapter 18 Markov Analysis Chapter 18 Markov Analysis 18.1 From: To: .8 .4 .9 .76 .704 .6816 .67264 .669056 .2 .6 .1 .24 .296 .3184 .32736 .330944       MTP MS 0 MS 1 MS 2 MS 3 MS 4 MS 5 0 .4 1 1 -.4 X = = = .6667 -.2 .4 -.6 1 1 -.2 0 1 1 -.2 Y = = = .3333 -.6 -.6 Note that no matter what the initial market shares, the system approaches the same equilibrium values.

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