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Linear Programming

Investment Linear Programming model: Risk Management

Please see attachement for more clear format. The portfolio Manager of Pension planners has been asked to invest $1,000,000 of a large pension fund. The investment research development department has identified six mutual funds with varying investment strategies, resulting in different potential returns and associated risks,

Linear Programming Problem: Maximizing Productivity

The two products that case chemical makes- cs01 and cs02 yield excessive amounts of three different pollutants: a,b,and c. the state government has ordered the company to install and to employ antipollution devices. the following table provides the current daily emissions in kg/1000liters and the maximum of each pollutant allowe

Linear Proramming: Problem with three products and three additives plus a base

Incredible indelible ink company mixes three additives, A1,A2, A3 to a base in different proportions to obtain different colors of ink. Red ink is obtained by mixing A1, A2, and A3 in the ration of 3:1:2, blue ink in the ratio of 2:3:4, and green in the ratio of 1:2:3. After these additives are mixed, an equal amount of base

Operations Research : Investment Problem

Al has $60,000 that he wants to invest now in order to use the accumulation for purchasing a retirement annuity in 5 years. After consulting with his financial adviser, he has been offered four types of fixed-income investments, which we will label as investments A,B,C, D. Investments A and B are available at the beginning of e

Quantative Methods: Linear Programming

Please find the question as an attachment. Also, please provide the answer in the attached Excel sheet. You will have to use the solver. 1. A hospital is trying how many RN's to hire to provide the 24-hour-day coverage it needs on the floor. The hospital is concerned with both costs for wages of RN's hired and level of ca

Working with the Kuhn-Tucker Condition.

Verify that x^=(1,3) is a K_T point of the following problem. Min f(x,y)=(x-1.5)^2+(y-5)^2 st. g1(x,y)=-x+y<=2 g2(x,y)=2x+3y<=11 g3(x,y)=-x<=0 g4(x,y)=-y<=0

Accounting: Objective function and equation

A company has the opportunity to produce 3 products (P1; P2; P3) out of 3 Materials (A1; A2; A3). The estimated margin of the products is: P1= 10$, P2= 6$ and P3= 4$ Please evaluate in which quantity the products have to be produced to show the highest margin possible: Material P1 P2 P3 Available Quantity A1 2 1 6

Electrocomp Corporation: Determining the Corner Point

The Electrocomp Corporation manufactures two electrical products: air conditioner and large fans. The assembly process for each is similar in that both require a certain amount of wiring and drilling. Each air conditioner takes 3 hours of wiring and 2 hours of drilling. Each fan must go through 2 hours of wiring and 1 hour of

Linear programming: Maximization

You are a woodworker who makes tables and chairs. Each table requires $80 in materials, 4 hrs of labor and earns $70 profit. Each chair requires $80 in materials, 8 hrs of labor, and earns $120 profit. This week you have $960 cash for materials, and 64hrs of labor available. What should you plan to build to maximize your profit

Simplex Method

Problem: Maximize: P= X1 + 2X2 +X3 Subject to constraints 3x1 + x2 + x3 <= 3 x1 - 10x2 - 4x3 <=20 x1>= 0 x2>=0 x3 >=0

Working with a linear problem and the simplex method.

Formulation for Simplex Method: Variables : F = Full time students P1= Part time attending 3 days P2 = Part time attending 2 days Objective Function : Max Z = 650*F + 460*P1 + 350*P2 Constraints : F + P2<= 50 F + P1<= 50 F,P1,P2 >0

Linear Programming: Simplex Method

How would I turn this real world problem into a linear programming problem? The licensing capacity of a preschool is 50, which is the constraint. Initially all children attended full time. The changes incorporated were the creation of three different enrollment positions for children to attend our school. One is the normal f

Linear programming : Finding the minimum machine cost

Two machines produce the same item. Machine A can produce 15 items per/hr and Machine B can produce 10/hr. At least 420 of the items must be produced each 40-hr. week, but the machines cannot be operated at the same time. If it costs $50 per hour to operate A and $30 per hour to operate B, determine how many hours per week to o