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Linear Programming

Klein Chemicals, Inc., produces a special oil-base material that is currently in short suply. For of Klein's customers have already placed orders that together exceed the combined capacity of Klein's two plants. ...

Klein Chemicals, Inc., produces a special oil-base material that is currently in short suply. For of Klein's customers have already placed orders that together exceed the combined capacity of Klein's two plants. Klein's management faces the problem of deciding how many units it should supply to each customer. Because the four cu

Transportation, Transshipment and Assignment Problems

Please use Excel Solver in the following problems, show work and explain how you arrived at the solutions. Problem 35 World foods, Inc., imports food products such as meats, cheeses, and pastries to the United States from warehouses at ports in Hamburg, Marseilles, and Liverpool. Ships from these ports deliver the products t

Linear programming - 1. An investor is considering three types of investments: a high-risk venture into oil leases with a potential return of 15%, a medium-risk investment in stocks with a 9% return, and a relatively safe bond investmentwiht a 5% return. He has $50,000 to invest. Because of the risk, he will limit his investment in oil lease and stocks to 30% and his investment in oil leases and bonds to 50%. How much should be invest in each to maximize his return, assuming investment returns are as expected?

1. An investor is considering three types of investments: a high-risk venture into oil leases with a potential return of 15%, a medium-risk investment in stocks with a 9% return, and a relatively safe bond investmentwiht a 5% return. He has $50,000 to invest. Because of the risk, he will limit his investment in oil lease and sto

Linear Programming

Formulate and solve the following problem. Use method of your choice. The Marketing Club at your college has decided to raise funds by selling three types of T-shirts: one with single-color "ordinary" design, one with a two-color "fancy" design, and one with a three-color "very fancy" design. The club feels that it can sell u

Linear programming model- (#46)Mountain Laurel Vineyards produces three kinds of wine- Mountain Blanc, Mountain Red, and Mountain Blush. The company has 17 tons of grapes available to produce wine this season. A cask of Blanc requires 0.21 tons of grapes, a cask of Red requires 0.24 tons, and a cask of Blush requires 0.18 tons. The vineyard has enough storage space in its aging room to store 80 casks of wine. ...

(#46)Mountain Laurel Vineyards produces three kinds of wine- Mountain Blanc, Mountain Red, and Mountain Blush. The company has 17 tons of grapes available to produce wine this season. A cask of Blanc requires 0.21 tons of grapes, a cask of Red requires 0.24 tons, and a cask of Blush requires 0.18 tons. The vineyard has enough s

Linear programming:Alexis Harrington

29. Alexis Harrington received an inheritance of $95,000, and she is considering two speculative investments the purchase of land and the purchase of cattle. Each investment would be for one year. Under the present (normal) economic conditions, each dollar invested in land will return the principal plus 20% of the principal;ea

Linear programming model

The Smith family owns 405 acres of farmland in Virginia on which they grow corn and tobacco. Each acre of corn costs $110 to plan, cultivate, and harvest; each acre of tobacco costs $215. The Smith family budget $55,000 for next year. The government wants to limit the number of acres of tobacco that can be planted to 100 acres.

Quantitative Decision Making

Linear Programing Shale-Bituminous Processors Shale Bituminous Processors (SBP) is a medium-sized oil company. Using its own patented process, it produces low- and high-sulphur crude from coal and shale. These oils are used by refiners who process them into products such as gasoline, jet fuel, industrial lubricating oils

Linear Programming Question

Looking for assistance in setting up the problem. I am trying to establish the constraints and the table for solver. (See attached) Transportation System A company which manufactures product in five plants ships locally using its own transportation system, but has orders which must be sent to locations too far to be servi

Transportation Problem: Interpretation of output from Management scientist

I have a study problem that I need help with. We're studying network models and linear programming models related to transshipment and transportation. Here is the specific problem I need help with: ----------------------------------------------------------------------- The following table shows the unit shipping co

Linear Programming to Determine Largest Profit Possible

1. The Outdoor Furniture Corporation manufactures two products, benches and picnic tables, for use in yards and parks. The firm has two main resources: Carpenters (labor force) and a supply of redwood for use in the furniture. During the next production cycle, 1,200 hours of labor are available under a union agreement. The firm

Maximization Applications - 1. A manufacturer of bicycles builds one, three, and ten-speed models. The bicycles are made of both aluminum and steel. The company has available 91,800 units of steel and 42,000 units of aluminum. ...

In the following exercise, (a.) use the simplex method to solve the problem and (b.) explain what the values of the slack variables in the optimal solution mean in the context of the problem. 1. A manufacturer of bicycles builds one, three, and ten-speed models. The bicycles are made of both aluminum and steel. The company

Linear Programming Problem

Max 8X + 7Y s.t. 15X + 4Y < 75 10X + 7Y < 70 X + Y < 8 X, Y > 0 a.Use a graph to show each constraint and the feasible region. b.Identify the optimal solution point on your graph.What are the values of X and Y at the optimal solution? c.What is the optim

Linear programming model

See also attachment for formatting. 1. Solve the following linear programming model by using the computer: Maximize Z = 5x1 + 8x2 Subject to 3x1 + 5x2 &#8804; 50 2x1 + 4x2 &#8804; 40 x1 &#8804; 8 x2 &#8804; 10 x1, x2 &#8805; 0 2. Solve the following linear programming model by using the computer:

(1) Graph the following systems of inequalities; find the solution region and the vertices. (2) Solve the following linear programming graphically. ... [See the Attached Questions File.]

[See the Attached Questions File.] (1) Graph the following systems of inequalities; find the solution region and the vertices. (2) Solve the following linear programming graphically. ... (5) (a) A nutritionist is designing a new breakfast cereal using wheat germ and enriched oat flour as the basic ingredients. Each ounce of wh

Linear Programming An oil company tries to maximize its profit by optimal decisions regarding the selling of different products. Some issues should be considered for example limitted emount of products and etc. Find an LP model which aims to maximize the profit.

How do I set up the problem and find the maximum profit? I have tried for hours but still confused. Linear programming The Grand Strand Oil Company The Grand Strand Oil Company produces regular and premium gasoline for independent service stations in the southeastern United States. The Grand Strand

The Live Wright Medical Supplies Company has a total of 12 salespeople

The Live Wright Medical Supplies Company has a total of 12 salespeople it wants to assign to three regions-the South, the East, and the Midwest. A salesperson in the South earns $600 in profit per month for the company, a salesperson in the East earns $540, and a salesperson in the Midwest earns $375. The southern region can hav

Making Predictions from Data

(a) Plot the data on U.S. general aviation shipments. (b) Describe the pattern and discuss possible causes. (c) Would a fitted trend be helpful? Explain. (d) Make a similar graph for 1992-2003 only. Would a fitted trend be helpful in making a prediction for 2004? (e) Fit a trend model of your choice to the 1992-2003 data.

Investment Advisors, Inc., is a brokerage firm that manages stock portfolios for a number of clients. A particular portfolio consists of U shares of U.S. Oil and H shares of Huber Steel. The annual return for U.S. Oil is $3 per share and the annual return for Huber Steel is $5 per share. U.S. Oil sells for $25 per share and Huber Steel sells for $50 per share. The portfolio has $80,000 to be invested. The portfolio risk index (0.50 per share U.S. Oil and 0.25 per share for Huber Steel) has a maximum of 700. In addition, the portfolio is limited to a maximum of 1000 shares of U.S. Oil. The linear programming formulation that will maximize the total annual return of the portfolio is as follows: Max z = 3U + 5H Subject to: 25U + 50H &#8804; 80,000 Funds available 0.50U + 0.25H &#8804; 700 Risk maximum 1U &#8804; 1000 U.S. Oil maximum U, H &#8805; 0 What is the optimal solution, and what is the value of the total annual return?

Investment Advisors, Inc., is a brokerage firm that manages stock portfolios for a number of clients. A particular portfolio consists of U shares of U.S. Oil and H shares of Huber Steel. The annual return for U.S. Oil is $3 per share and the annual return for Huber Steel is $5 per share. U.S. Oil sells for $25 per share and Hube

Quantitative Methods

Solve linear programming problem. See the attached document for proper formatting. Week 7 Hartley's makes furniture. The time required for each item is listed below. Find the mix of products and sensitivity report to make the highest profit for Harley's. Chairs Tables Bookcases Available Assemb

Formulate A Linear Programming Model - Universal Claims Processors processes insurance claims for large national insurance companies. , Most claim processing is done by a large pool of computer operators, some of ...

Universal Claims Processors processes insurance claims for large national insurance companies. , Most claim processing is done by a large pool of computer operators, some of whom are permanent and some of whom are temporary. A permanent operator can process 16 claims per day, whereas a temporary operator can process 12 per day,

Westside

Westside Technology Consulting is an information technology consulting firm based in Los Angeles, California. The firm is owned by two engineers with extensive experience in the hardware design field who are able to act as lead engineers on consulting projects, as are two other members of the firm. Westside also employs 9.5 ot

Linear programming

Fairview Manufacturing Company is considering a number of expansion projects to take place over the next four years. Specifically, Fairview Manufacturing needs to utilize a capital budgeting process to select appropriate opportunities from a total of five approved projects under consideration. Each project requires lump sum ca

Linear Programming Problem - Hurricanes in Florida

See the attached file. After the hurricanes in Florida in the summer of 2004, FEMA sent disaster relief trucks to the state carrying bottled water and generators. Each truck could carry no more than 6000 pounds of cargo. Each case of bottled water weighed 25 pounds and each generator weighed 150 pounds. Due to the number of tru

Linear Programming and the Simplex Method

Answer following problems. The problems solved last week helped me break down all 60 questions I had to answer last week and I would like to do the same thing this week. Here are about 9 problems some multiple parts that are different areas I need help with. 1. a. Add slack variables or subtract surplus variables. b.

Analysis of Linear Programming

Problems must be completed in QM or Lingo 10. Please see the attached file. 1.0 Given the following linear programming problem: Min Z = 2x + 8y Subject to (1) 8x + 4y 64 (2) 2x + 4y 32 (3) y 2 What is the minimal solution? Use Lingo10 or QM to solve. Include your solution screen shots 2.0 Max Z = $