4. Themethod for solving the transportation problem calculates theimprovement index for any unused square by adding up the positive and negative costs along a closedpath.5. A solution to the cost minimization transportation problem is optimal when all unused squares have animprovement index which is either6. In the transportation problem, squares which are in the solution because they have some value placedin them are calledsquares, while those which do not are calledsquares.7. In a transportation problem where total supply equals total demand, acondition issaid to exist.

Since you have asked multiple questions, we will solve the first question for you. If you want any…

Answered: 4. The method for solving the…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter9: Decision Making Under Uncertainty

Section: Chapter Questions

Problem 34P

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"A chipboard company has 4 factories, Mazatenango, Retalhuleu, Escuintla and Xela. It has four major distributors of its chipboards, which are distributor 1, distributor 2, distributor 3 and distributor 4: Mazatenango Retalhuleu Escuintla Xela DEMAND D1 10 16 19 12 350 D2 12 10 18 15 300 D3 15 22 10 10 250 IN THIS CASE USE VOGEL'S APPROXIMATION METHOD D4 20 10 12 20 200 SUPPLY 150 150 350 250 1) Formulate the problem as a transportation problem, solve it with the three methods and find the optimal cost for this problem. methods and find the optimal cost for this transportation problem. (remember to go through all possible routes).
Long-Life Insurance has developed a linear model that it uses to determine the amount of term life Insurance a family of four should have, based on the current age of the head of the household. The equation is: y=150 -0.10x where y= Insurance needed ($000) x = Current age of head of household b. Use the equation to determine the amount of term life Insurance to recommend for a family of four of the head of the household is 40 years old. (Round your answer to 2 decimal places.) Amount of term life insurance thousands
4. Explain how the logit model overcomes the problems associated with the Linera Probability Model in binary dependent variaraile model.
Long-Life Insurance has developed a linear model that it uses to determine the amount of term life insurance a family of four should have, based on the current age of the head of the household. The equation is:y = 850 − .1xwherey = Insurance needed ($000)x = Current age of head of household a. Plot the relationship on a graph. b. Use the equation to determine the amount of term life insurance to recommend for a family of four if the head of the household is 30 years old.
4 (b) An insurance company provides customers with both auto and home insurance policies. For a particular customer, Χ is the deduction on his or her auto policy and Y is the deduction on the home policy. Possible values of Χ are K100 and K250, and for Y are K0, K100 and K200. The joint probability density function for ( ) ,YΧ is given by the following table: Χ Y K100 K250 K0 0.20 0.05 K100 0.10 0.15 K200 0.20 0.30 i. Find the probability for a randomly selected policy holder having a K100 deduction on the auto insurance and a K200 deduction on the home insurance. ii. Find the probability that a randomly selected policy holder has a home deduction of at least K100. iii. Are the random variables Χ and Y independent? Explain your answer.
Assume the demand for a companys drug Wozac during the current year is 50,000, and assume demand will grow at 5% a year. If the company builds a plant that can produce x units of Wozac per year, it will cost 16x. Each unit of Wozac is sold for 3. Each unit of Wozac produced incurs a variable production cost of 0.20. It costs 0.40 per year to operate a unit of capacity. Determine how large a Wozac plant the company should build to maximize its expected profit over the next 10 years.
Please show how to solve b
1. To find the optimal solution to a linear programming problem using the graphical method a. find the feasible point that is the farthest away from the origin. b. find the feasible point that is at the highest location. c. find the feasible point that is closest to the origin. d. None of the alternatives is correct. Let xij = the production of product i in period j. To specify that production of product 1 in period 3 and in period 4 differs by no more than 100 units, which of the following constraints are correct? P13 - P14 < 100; P14 - P13 < 100 (a) P13 - P14 < 100; P13 - P14 > 100 (b) P13 - P14 < 100; P14 - P13 > 100 (c) P13 - P14 > 100; P14 - P13 > 100 (d) 3. Whenever all the constraints in a linear program are expressed as equalities, the linear program is said to be written in a. standard form. b. bounded form. c. feasible form. d. alternative form.
Problem 7-19 eBook Given the linear program Max 3A +48 s.t. Y -1A+ 1A + 2A + s.t. 28 ≤ 8 2B ≤ 12 18 ≤ 16 Α, Β 2 0 a. Write the problem in standard form. For those boxes in which you must enter subtractive or negative numbers use a minus sign. (Example: -300) Al+ A+ A+C A+ B+ B B+ B B b. Select the correct graph that shows the optimal solution for the problem. S1 S1 + + S₂ + S2 + S3 53 A, B, S1, S2, S3 A Q☆
1. Explain the meaning of the expected value of perfect information (EVPI) in this problem. Based on the results of (iii) and (iv), which investment would you choose? 2. Compute the coefficient of variation, the return-to-risk ratio (RTRR) for each investment. Based on (vii) and (viii), what investment would you choose? Compare the results of (vi) and (ix) and explain any differences
1 2-Binomial Coefficients: Problem 8 (1 point) What is the coefficient of ¹¹ in the expansion of (x + 2)¹2+x²¹(x+3) ²²?
Find the prime factorization of 92169.

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