4 2 5
3 5 4
4 3 2
3 6 2
sis was done to determine the average amount of payments bemg sent
ther anal . .
Fur Y se results are given next.
from each region of the country. The
Average Daily Pa
c. Determine the solution that minimizes the maximum percentage deviation from the
optimal objective function values. What solutions do you obtain?
d. Suppose management considers maximizing the amount of steam produced five
times as important a
to Modeling and Decision Analysis
A few days later, Patrick was sitting around with two of his fraternity buddies, Josh
and P~yton, trying to figure out how much money his new retirement fund might be
,:orth m 30 years. They were
QUANTITATIVE DECISION ANALYSIS
Solution to Assignment I
1. Chapter 2, Problem 2.
b. Optimal solution: X1=53.33,X2=53.33, the objective value=266.65
c. The redundant constraint is 3X1+2X2<=300
Chapter 2, Problem 15.
a. D = number of doors pr
Practice Problem: LP model Formulation
Winslow Savings has $20 million available for investment. It wishes to invest over the
next four months in such a way that it will maximize the total interest earned over the fourmonth period as well as have at least