MAT540 Homework Week 2 Page 1 of 4
MAT540
Week 2 Homework
Chapter 12
1. A local real estate investor in Orlando is considering three alternative investments; a motel, a
restaurant, or a theater. Profi
Introduction to Management Science
By PopLife80 | Studymode.com
Introduction to Management Science, 10e (Taylor)
Chapter 4 Linear Programming: Modeling Examples
1) When formulating a linear programmin
Course
Quantitative Methods
Test
Final Exam
Started
9/18/17 10:10 PM
Submitted
9/18/17 11:20 PM
Due Date
9/19/17 2:00 PM
Status
Completed
Attempt Score 180 out of 200 points
Time Elapsed 1 hour, 9 min
Course
Quantitative Methods
Test
Midterm Exam
Started
8/1/17 3:17 PM
Submitted
8/1/17 4:53 PM
Due Date
8/1/17 11:59 PM
Status
Completed
Attempt Score 185 out of 200 points
Time Elapsed 1 hour, 36 minu
Course
Quantitative Methods
Test
Quiz 3
Started
8/24/17 6:24 PMLate
Submitted
8/24/17 7:11 PMLate
Due Date
8/21/17 6:00 PM
Status
Needs Grading
Attempt Score 40 out of 40 points
Time Elapsed 47 minute
Hoylake Rescue Squad
Probability of Time between calls
P(x)
0.15
0.1
0.2
0.25
0.2
0.1
1
Simulation
Cumulative
(lower
Time between
bound)
calls
0
1
0.15
2
0.25
3
0.45
4
0.7
5
0.9
6
EV =
3.55
Average Ti
Question 1
2 out of 2 points
Seventy two percent of all observations fall within 1 standard deviation of
the mean if the data is normally distributed.
Selected
Answer:
Correct
Answer:
Fals
e
Fals
e
Q
The expected value of perfect information or EVPI, is the maximum payout a decision maker is willing to
make for additional information. For the computation to get the EVPA, the decisions under each s
Ive lerned forecasting is the process of making statements about events whose actual outcomes
(typically) have not yet been observed. For example, a retailing firm that has been in business for 25
yea
Course
Quantitative Methods
Test
Quiz 2
Started
7/24/17 4:33 PM
Submitted
7/24/17 5:28 PM
Due Date
7/24/17 6:00 PM
Status
Completed
Attempt Score 34 out of 40 points
Time Elapsed 55 minutes out of 4 h
Course
Quantitative Methods
Test
Quiz 1
Started
7/17/17 11:00 AM
Submitted
7/17/17 11:22 AM
Due Date
7/17/17 6:00 PM
Status
Completed
Attempt Score
38 out of 40 points
Time Elapsed
21 minutes out of 4
Course
Quantitative Methods
Test
Quiz 4
Started
9/18/17 6:16 PM
Submitted
9/18/17 6:53 PM
Due Date
9/4/17 6:00 PM
Status
Needs Grading
Attempt Score 36 out of 40 points
Time Elapsed 36 minutes out of
Hoylake Rescue Squad
Probability of Time between calls
P(x)
0.05
0.1
0.3
0.3
0.2
0.05
1
Cumulative
(lower
Time between
bound)
calls
0
1
0.05
2
0.15
3
0.45
4
0.75
5
0.95
6
EV =
3.65
Average Time =
4.05
Hoylake Rescue Squad
Probability of Time between calls
P(x)
0.05
0.1
0.3
0.3
0.2
0.05
1
Cumulative
0
0.05
0.15
0.45
0.75
0.95
EV =
Average Time =
Time between
calls
1
2
3
4
5
6
Simulation
RN
Time
Cumu
Grafton Metalworks Company
Ore
1
2
3
4
5
6
A
0.19
0.43
0.17
0.2
0
0.12
A
B
C
D
D
Metal
Composition constraints
Impurity constraint
Decision variables
Metal (%)
B
C
0.15
0.12
0.1
0.25
0
0
0.12
0
0.24
0
Product Lines
Profits for each product
Product #1
6
Product #2
4
Total hours
Time required on Line #1
Time required on Line #2
10
7
Product #1
Product #2
Maximized profits
Please use graphic method to
Sporting Goods
Enter the values in the shaded area. Then go to the DATA Tab on the ribbon, click on So
then click SOLVE.
If SOLVER is not on the Data Tab then please see the Help file (Solver) for ins
A. FORMULATE AND SOLVE AN L.P. MODEL FOR THIS CASE
DECISION VARIABLES:
X1= Pizza Slices
X2= Hot Dogs
X3= BBQ Sandwiches
OBJECTIVE FUNCTION: MAXIMIZE PROFIT
Z = Pizza Slices 0.75x1 + Hot Dogs 1.05x2 +
Please analyze the following linear programming question below by answering the following questions
1.
2.
3.
4.
5.
6.
Is this a maximization or minimization question?
What is the objective function?
I
Microsoft Excel 12.0 Answer Report
Worksheet: [Hw7_Fall_2016_Montgomery.xls]P1
Report Created: 11/20/2016 6:20:39 PM
Target Cell (Max)
Cell
Name
$C$18 Profit 3.7*B+5.2*F900
Original Value
Final Value
1. transportation problem
From
A
B
C
DV
From
A
B
C
Received
Demand
Objective Minimize Cost
1
6
11
4
To (cost)
2
5
8
10
3
5
9
7
1
To
2
3
0.00
=
70
0.00
=
100
=
80
Shipped
0
<=
<=
<=
Supply
150
85
125
N