Find the optimum solution for the following Integer Linear Programming problem using the Cutting Plane Method. Maximum Profit, z = 7x1 + 5x2 Subject to: 3x1 + 4x2 < 25 6x1 + 4x2 < 29 x1, x2 > 0
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Find the optimum solution for the following Integer Linear Programming problem using the Cutting Plane Method. Maximum Profit, z = 7x1 + 5x2 Subject to: 3x1 + 4x2 < 25 6x1 + 4x2 < 29 x1, x2 > 0 The optimal linear programming tableau is shown in Table 2. Table/Jadual 2
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3. | Solve the problem in Question 2 using the Branch and Bound Method. | |
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- 3 II | Here are the changes to the original problem and the revised conditions for this decision-making problem: With a favorable market, John Thompson thinks a large facility would result in a net profit of $195,000 to his firm. If the market is unfavorable, the construction of a large facility would result in $185,000 net loss. A small plant would result in a net profit of $110,000 in a favorable market, but a net loss of $25,000 would occur if the market was unfavorable. Doing nothing would result in $0 profit in either market conditions. a) Create a decision table, b) What is your recommendation if you would apply the Maximax criterion (Optimistic)? Follow the guidance from your textbook and create a table. c) What is your recommendation if you would apply the Maximin Criterion (Pessimistic)? Follow the guidance from your textbook and create a table. d) What is your recommendation if you would apply the Criterion of Realism (Hurwicz Criterion) with a coefficient of realism a =…Briefly explain these terms:a. Basic variableb. Shadow pricec. Range of feasibilityd. Range of optimality1. Three restaurants are making 3 types of dishes in different prices as the following table shows (in OR) Book stores Romantic novel Science novel hostorical novel restaurant A 2 5 1 restaurant B restaurant C 3 3 2 4 3 1 If each restaurant buys a certain number of dishes in each type as the following table show Arabian D+ 0.6 D=7 Indian F + 1.1 F=7 Аmirican C +0.5 C=2 Which restaurant will earn higher revenue, show your steps?
- Please show how to solve b3. The Captain of a Cricket team has to allot 5 middle position to 5 batsmen. The average runs scored by each batsman at these positions are as follows Batting Positions III Batsmen II IV V P 40 40 35 25 50 27 50 42 30 16 25 R. 50 48 40 60 20 19 20 18 25 T 58 60 59 55 Find the assignment of batsmen to positions, which would give the maximum number of runs. If another batsman 'U' with the following average runs in batting positions as given below: Batting Positions: Average Runs: Is added to the team, should he be added to play in the team? If so, who should be replaced by him? II II IV V 45 52 38 50 4926. XYZ and Co has provided the following data seeking your advice on optimum investment strategy: Net return data (in paise) Investment made at the of selected investments Amount beginning of year available (Lakh) 1 95 80 70 60 70 2 75 65 60 50 40 3 70 45 50 40 90 60 40 40 30 30 Маximum Investment (Lakh) 40 50 60 60 The following additional information is also provided: (i) P, Q, R and S represent the selected investments. (ii) The company has decided to have four-year investment plan. (iii) The policy of the company is that amount invested in any year will remain so until the end of the fourth year. (iv) The values (paise) in the table represent net return on investment of 7 1 till the end of the planning horizon (for example, a rupee invested in investment P at the beginning of first year will grow to { 1.95 by the end of the fourth year, yielding a return of 95 paise). Using the above, determine the optimum investment strategy. (CA, November, 1996)
- 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.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 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. Problem 13-14 (Algorithmic)The following profit payoff table shows profit for a decision analysis problem with two decision alternatives and three states of nature:State of NatureDecision Alternative S1 S2 S3d1 200 150 75d2 250 150 50The probabilities for the states of nature are P(s1) = 0.5, P(s2) = 0.3 and P(s3) = 0.2.a. What is the optimal decision strategy if perfect information was available? S1 : d2 S2 : d1 or d2 S3 : d1 b. c. What is the expected value for the decision strategy developed in part (a)? If required, round your answer to one decimal place. d. Using the expected value approach, what is the recommended decision without perfect information? d2 What is its expected value? If required, round your answer to one decimal place. e. What is the expected value of perfect information? If required, round your answer to one decimal place.a.) Formulate a LP model of this problemQ2. Solve the given LP problem on the right by (LP): Max Z = 2X1 + 4X2 %3D using The Graphical Solution Method. a) Find the optimal solution, determine the solution type. b) Find the optimality range for the changes in the objective coefficient c2. c) Find the feasibility range for the changes in the Right Hand Side (RHS) of one st. 3X1 + 2X2 < 12 Xị + 2X2 s 8 2X1 + X2 2 2 X1, X2 2 0 of the binding constraints.