(a) Define the decision variables and write the linear programming model for the p
LET 1 X BE OUNCES OF OATS AND HAVE X2 BE OUNCES OF RICE.
WE WANT TO MINIMIZE Z=0.06 X1 + 0.03 X 2
SUBJECT TO 10 X 1 +
The objective function defines the goal that a company which to achieve. Also, it can be seen as a
relationship that a decision maker wants to optimize either minimize or maximize. In most case the
ob
Forecasting can be broadly considered as a method or a technique for estimating many
future aspects of a business or other operation. There are numerous techniques that can be
used to accomplish the g
Simulation is a useful tool and technology for different of operations
management applications. It aid decision makers to make when they have to to initiate address
various operational issues. Simulat
Shadow price is the calculation price of a good or service for which no market price exists. It
can also be considered a quantitative technique to analyze the improvement in the contribution or
costs
In your own words, explain how to obtain the expected value of perfect information for any payoff
table, which has probabilities associated with each state of nature. Then, provide an example, drawing
false
Question 1
5 out of 5 points
Validation of a simulation model occurs when the true steady state average results have been
reached.
Answer
Selected Answer:
True
Correct Answer:
True
Question 2
5
MAT540 WEEK 3 SIMULATION ASSIGNMENT
Assignment #1: JET Copies Case Problem
1
MAT540 WEEK 3 SIMULATION ASSIGNMENT
2
In developing the simulation model for the JET Copies Case Problem, I first needed to
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 =
2.45
Average Ti
(a) Define the decision variables and write the linear programming model for the prob
minimize z=.06x1+.03X2
x1=oats
10x1+6x2>45
x2=rice
2x1+3x2>13
x1 x2>0
(b) Sketch the feasible region. Give your an
Running head: BUSN311 - Quantitative Methods and Analysis
Unit 3 Survey Sample Size
Type your Name Here
American InterContinental University
1
Running head: BUSN311 - Quantitative Methods and Analysis
Question 1
2 out of 2 points
In general, an increase in price increases the break even point if all costs are held constant.
Selected Answer:
Correct Answer:
False
False
Question 2
2 out of 2 points
I have learned a lot in this class through the first five weeks of this class. I have learned the importance
of preparation and planning has it relates to business. Along the same line, this class als
Hoylake Rescue Squad
Probability of Time between calls
Simulation
Cumulative
(lower
Time between
simulation
Time
Cumulative
P(x)
bound)
calls
Expectations Number
RN
between calls
clock
0.15
0
1
0.15
1
(a) Define the decision variables and write the linear programming model for the prob
X1 = oats (ounces)
X2 =rice (ounces)
Cereal Box = 45 milligrams of Vitamin A and 13 milligrams of Vitamin B
Oats =
Discuss LP Models
According to, Introduction to Management Science, the objective function is a linear
mathematical relationship that describes the objective of the firm in terms of the decision
varia
Discuss Simulation
Simulation is used in the real world for the development of specialized simulation languages and
to analyze systems. Also, it imitates a real-world model or system. An example of si
1.
QUESTION 1
The solution to the LP relaxation of a maximization integer linear
program provides an upper bound for the value of the objective function.
True
False
2 points
1.
QUESTION 2
If exactly 3
SUMMARY OUTPUT
Regression Statistics
Multiple R 0.974189
R Square 0.949043
Adjusted R 0.938852
Standard E 3.741657
Observatio
7
ANOVA
df
Regression
Residual
Total
SS
MS
F Significance F
1 1303.714 130