(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 + 6 X 2 > =45
2 X 1 + 3 X 2> = 13
X1>=0
X2>=0
(b) Sketch
Question 1
2 out of 2 points
When using a linear programming model to solve the "diet" problem, the
objective is generally to maximize profit.
Selected
Answer:
e
Correct
Answer:
e
Fals
Fals
Question 2
2 out of 2 points
In a transportation problem, a deman
Practice Setting up Linear Programming Models for Business Applications
Problem 14 Let
X1 = ore 1
X2 = ore 2
X3 = ore 3
X4 = ore 4
X5 = ore 5
X6 = ore 6
Minimize: (Cost per ton = 27X1+25X2+32X3+22X4+20X5+24X6)
Subject to Constraints: all X1, X2, X3, X4, X
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 also taught me
more about how businesses forecast things f
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
Probabilistic techniques assume that no uncertainty ex
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
objective of a company is the cost, or profit. An importa
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 goal of forecasting. There are three primary method of f
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. Simulation allows individual to both quantify.
Stimulation als
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 by having one additional unit of a resource which is ca
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
from any of the payoff tables in Problems 1-17 in the
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 out of 5 points
If we are solving a 0-1 integer program
Reflection to date
The most unexpected thing that I have learned is that Excel is a great tool to use to auto-calculate
numbers when dealing with Statistics as long as the formulas are entered correctly. In addition, I
never paid attention to the fact tha
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 projects are to be selected from a set of 5 projects,
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
0.635564
0
0
0.1
0.15
2
0.2
2
0.964271
0
0.2
0.25
3
0.
(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 = 10 milligrams of Vitamin A and 2 milligrams of Vitamin
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
variables. A constraint is a linear relationship that repres
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 simulation in
my line of work is in our Workforce Departm
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 come
up with a rough estimate of the number of breakdo