SET A: 10897143‚ 10977570‚ 10879587‚ 10870342‚ 10873279‚ 10857133‚ 10661867‚ 10878440‚ 11090782‚ 10770518‚ 10893091 Three electric power plants with capacities of 25‚ 40‚ and 30 million KWh supply electricity to three cities. The maximum demands at the three cities are estimated at 30‚ 35 and 25 million KWh. The price per million KWh at the three cities is given in the table below. [pic] During the month of August‚ there is a 20% increase in demand at each of the three cities‚ which can
Premium Electricity Electricity generation
optimal investment strategy that would allow J. D. Williams‚ Inc. to maximize the annual yield of an investment of $800‚000 in a diversified portfolio of funds. To find the investment that would result in the greatest annual yield we have formulated a linear program that takes into account the requirements for the client of J. D. Williams‚ Inc. The requirements for the investment portfolio can be found on the section titled “Problem Description” The greatest annual yield that can be expected while
Premium Investment Optimization Mutual fund
Linear Programming Application Transportation Problem The Navy has 9‚000 pounds of material in Albany‚ Georgia that it wishes to ship to three installations: San Diego‚ Norfolk‚ and Pensacola. They require 4‚000‚ 2‚500‚ and 2‚500 pounds‚ respectively. Government regulations require equal distribution of shipping among the three carriers. The shipping costs per pound for truck‚ railroad‚ and airplane transit are shown below. Formulate and solve a linear program to determine the shipping
Premium Optimization Linear programming Operations research
3-10‚ 12 (parts B and C for Problem 12)‚ 28‚ 30. Please use Excel solver function. I posted an annotated solution to Problem 2-5. This problem is an examplar for both the chapter 2 and 3 problems. In this example I show how I typically set up a problem. First I set up the linear programming model and then develop a parallel set-up to use as input to the Solver add-in. I use this strategy because I first like to set up the problem solution before I worry about setting up the parameters for using
Premium Optimization Linear programming Operations research
Q.1. What is a linear programming problem ? Discuss the steps and role of linear programming is solving management problems. Discuss and describe the role of liner programming in managerial decision-making bringing out limitations‚ if any. Ans : Linear Programming is a mathematical technique useful for allocation of scarce or limited resources to several competing activities on the basis of given criterion of optimality. The usefulness of linear programming as a tool for optimal decision-making
Premium Operations research Optimization Linear programming
INTRODUCTION My topic is oil refinering using linear programming‚ this is under petrochemical industries which mean it will deal more about chemicals‚ this is about optimising the cost using a modelling method in mathematics called linear programming. This is very important because it links what is done in petrochemical industries with mathematics. Since there is a huge need of the products that are produced after petroleum refinering which are petrol‚ gasoline‚ oil‚ diesel and etc so in the
Premium Petroleum Gasoline
Identify a task you perform regularly‚ such as cooking‚ mowing the lawn‚ or driving a car. I used driving a car as the example in this checkpoint. Write a short‚ structured design (pseudocode only) that accomplishes this task. Declare CarDoor as Real Declare Car as Real Declare BrakePedal as Real Declare Reverse as Real Declare SteeringWheel as Real Declare Drive as Real Open CarDoor Sit in Car Close CarDoor Press BrakePedal
Premium
Linear Programming in Finance‚ Accounting and Economics Sijia Lu 7289928683 Abstract This article is literatures review about five articles‚ which apply linear programming to Finance‚ accounting and economics. The mathematical method is found of crucial importance in those fields. The paper shows how theoretical inference in linear programming throws light upon realistic practice‚ and how empirical evidence supports those theories. Keywords: finance; accounting; economics; linear programming; investment
Premium Linear programming Optimization Operations research
Graphical and Simplex Methods of Linear Programming The graphical method is the more popular method to use because they are easy to use and understand. Working with only a few variables at a time they allow operations managers to compare projected demand to existing capacity. The graphical method is a trial and error approach that can be easily done by a manager or even a clerical staff. Since it is trial and error though‚ it does not necessarily generate the optimal plan. One downside of this
Premium Optimization
Chapter 2 An Introduction to Linear Programming 18. a. Max 4A + 1B + 0S1 + 0S2 + 0S3 s.t. 10A + 2B + 1S1 = 30 3A + 2B + 1S2 = 12 2A + 2B + 1S3 = 10 A‚ B‚ S1‚ S2‚ S3 0 b. c. S1 = 0‚ S2 = 0‚ S3 = 4/7 23. a. Let E = number of units of the EZ-Rider produced L = number of units of the Lady-Sport produced Max 2400E + 1800L s.t. 6E + 3L 2100 Engine time L 280 Lady-Sport maximum
Premium Optimization Mutual fund Maxima and minima