i) Is this a balanced problem? Why? ii) Obtain the initial feasible solution using the Northwest Corner Method. iii) Use the Stepping Stone method to determine the optimal solution from the basic feasible solution obtained in ii) above.
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- #5) Solve the following LP a) Write the original optimal solution and objective function value. b) What is the optimal solution and objective function value if the profit for oak tables increases to $83? c) What is the optimal solution and objective function value if the profit for pine chairs decreases to $13? d) What is the optimal solution and objective function value if the profit for pine tables increases by $20? e) What is the optimal solution and objective function value if the company is required to make at least 20 pine chairs? f) What is the optimal solution and objective function value if the company is required to make no more than 55 cherry chairs?Using the grid technique to determine the least-cost location (warehouse) for this problem: Tons Rate X - Coordinates Y – Coordinates S1 200 0.5 2 14 S2 300 0.6 6 10 M1 100 1 2 2 M2 100 2 10 14 M3 100 1 14 18 M4 100 2 14 6 The Grid center coordination is ____ and _____ (round the results to 1 decimal place) Group of answer choices (9.9; 7.8) (5.5; 6.9) (8.7; 10.5) (10.5; 6.4) (9.9; 8.9)Problem1 Acme Manufacturing Acme Manufacturing makes a variety of household appliances at a single manufacturing facility. The expected demand for one of these appliances during the next 4 months is shown in the following table along with the expected production costs and the expected Month Demand Production Cost Production Capacity 1 420 $49.00 500 a) Formulate an LP model for this problem. b) Create a spreadsheet model for this problem and solve it using Solver. 2 580 $45.00 520 3 310 $46.00 450 4 540 $47.00 550 capacity for producing these items. Acme estimates it costs $1.50 per month for each unit of this appliance carried in inventory (estimated by averaging the beginning and ending inventory levels each month). Currently, Acme has 120 units in inventory on hand for this product. To maintain a level workforce, the company wants to produce at least 400 units per month. The company also wants to maintain a safety stock of at least 50 units per month. Acme wants to determine how…
- Problem: ABC Company is a manufacturer of electronic components. They order resistors from a supplier in bulk at a discounted price per unit. The following table shows the quantity discounts offered by the supplier: Order Quantity (Units) Price per Unit 1-99 $10 100-499 $9.50 500-999 $9.00 1,000+ $8.50 drive_spreadsheetExport to Sheets ABC Company estimates their annual demand for resistors to be 12,000 units. The carrying cost for holding inventory is 20% per year of the unit cost. The ordering cost is $50 per order. Objective: Determine the optimal order quantity that minimizes the total cost of inventory management for ABC Company.Define the term constraint.A national truck rental services has a surplus of one truck in each of the cities, 1, 2, 3, 4, 5, and 6 and a deficit of one truck in each of the cities 7,8,9,10,11 and 12.The distance (in kilometers) between the cities with a surplus and cities with deficit are displayed below:a) b) How should the trucks be displayed so as to maximize the total distance travelled? 1 2 3 4 5 6 7 41 72 39 52 25 51 8 22 29 49 65 81 50 9 27 39 60 51 32 32 10 45 50 48 52 37 43 11 82 40 40 60 51 30
- City government has collected the following data on annual sales tax collections and new car registrations: Annual Sales Tax Collections (in millions) 1.0 1.4 1.9 2.0 1.8 2.1 2.3 2.5 New Car Registrations (in millions) 10 12 15 16 14 17 20 22 Determine the following: Plot these data and decide if a linear model is reasonable. Using the results of part a., find the estimated sales tax collections if new car registrations total 25,000,000.Please provide a simplex tableau for this problem. Thank youExplain why satisficing exists and why someone would not require an optimal solution.
- Problem 4-07 Hudson Corporation is considering three options for managing its data processing operation: continuing with its own staff, hiring an outside vendor to do the managing (referred to as outsourcing), or using a combination of its own staff and an outside vendor. The cost of the operation depends on future demand. The annual cost of each option (in thousands of dollars) depends on demand as follows: Demand Staffing Options High Medium Low Own staff 650 650 600 Outside vendor 900 600 300 Combination 800 650 500 If the demand probabilities are 0.2, 0.5, and 0.3, which decision alternative will minimize the expected cost of the data processing operation? _______________ (own staff, outside vendor, or combination) What is the expected annual cost associated with that recommendation?Expected annual cost = $________ (fill in the blank) Construct a risk profile for the optimal decision in part (a).The input in the box below will not be graded, but may be…3. Consider the transportation problem having the following parameter table: Source Demand Source 1 Source 2 650 Source 3 400 1 2 3 Destination 1 Destination 2 500 750 Demand 10 Vj Assume we have obtained an initial BF solution from northwest corner method, it is: X11 = 10, X12 = 2, X22 = 8, X23 = 9, So the initial transportation simplex tableau looks like below. (Boxed values are cost values, X33 = 1, X34 = 10 circled values are basic variable values.) V₁ = Destination 2 750 800 700 10 1 500 650 400 10 10 800 700 10 ܠ ܕܐ 2 3 300 400 500 10 8 400 500 Destination 3 Destination 4 300 450 10 4 450 600 550 10 9 1 600 Supply 12 550 10 V₁ = 17 11 (10 Supply 12 17 11 Ui U₁² 0 = U₂ = Uz = Do the optimality test (by finding out all u₁, v₁, and čij values, fill all these values in the above table) to determine if the current solution is optimal or not.Problem 2 Suppose that for years East Campus' short-run Phillips Curve was such that each 1 percentage point increase in its unemployment rate was associated with a 2-percentage point decline in its inflation rate. Then, during several recent years, the short-run pattern changed such that its inflation rate rose by 3 percentage points for every 1 percentage point drop in its unemployment rate. Graphically, did East Campus' Phillips Curve shift upward or did it shift downward?