Operations Research : Applications and Algorithms
4th Edition
ISBN: 9780534380588
Author: Wayne L. Winston
Publisher: Brooks Cole
expand_more
expand_more
format_list_bulleted
Concept explainers
Expert Solution & Answer
Chapter 3.11, Problem 7P
Explanation of Solution
Linear
- Assume the following,
- Let “
- Let “p” be the payment that can be paid on month.
- Let “
- The conditions to this model are as follows,
- All variables >= “0”.
- “
- For “
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
suppose that a company offers quantity discounts. if up to 1,000 units are purchased, the unit price is $10, if more than 1,000 and up to 5,000 units are purchased, the unite price is $9, and if more than 5,000 units are purchased, the unit price is $7.50. Develop an excel templete using the VLOOKUP function to find the unite price associated with any order quantity and compute the total cost of the order
Write aigorithm to accept salary of a person for 4 months and calculate
average.
During the tax season, every Friday, the J & J tax accounting firm provides assistance to people who prepare their own tax returns. Their charges are as follows:a. If a person has low income (<= 25,000) and the Consulting time is less than or equal to 30 minutes, there are no charges; otherwise the service charges are 40% of the regular hourly rate for the time over 30 minutes.b. For others, if the Consulting time is less than or equal to 20 minutes, there are no service charges; otherwise, service charges are 70% of the regular hourly rate for the time over 20 minutes.(For example, suppose that a person who has low income is spent 1 hour and 15 minutes, and the hourly rate is $70.00. Then the billing amount is $70.00 x 40 x (45/60) = $21.00).
Write a program that prompts the user to enter the hourly rate, the total Consulting time, and whether the person has a low income. The program should output the building of Mount your program must contain a function that takes as input…
Chapter 3 Solutions
Operations Research : Applications and Algorithms
Ch. 3.1 - Prob. 1PCh. 3.1 - Prob. 2PCh. 3.1 - Prob. 3PCh. 3.1 - Prob. 4PCh. 3.1 - Prob. 5PCh. 3.2 - Prob. 1PCh. 3.2 - Prob. 2PCh. 3.2 - Prob. 3PCh. 3.2 - Prob. 4PCh. 3.2 - Prob. 5P
Ch. 3.2 - Prob. 6PCh. 3.3 - Prob. 1PCh. 3.3 - Prob. 2PCh. 3.3 - Prob. 3PCh. 3.3 - Prob. 4PCh. 3.3 - Prob. 5PCh. 3.3 - Prob. 6PCh. 3.3 - Prob. 7PCh. 3.3 - Prob. 8PCh. 3.3 - Prob. 9PCh. 3.3 - Prob. 10PCh. 3.4 - Prob. 1PCh. 3.4 - Prob. 2PCh. 3.4 - Prob. 3PCh. 3.4 - Prob. 4PCh. 3.5 - Prob. 1PCh. 3.5 - Prob. 2PCh. 3.5 - Prob. 3PCh. 3.5 - Prob. 4PCh. 3.5 - Prob. 5PCh. 3.5 - Prob. 6PCh. 3.5 - Prob. 7PCh. 3.6 - Prob. 1PCh. 3.6 - Prob. 2PCh. 3.6 - Prob. 3PCh. 3.6 - Prob. 4PCh. 3.6 - Prob. 5PCh. 3.7 - Prob. 1PCh. 3.8 - Prob. 1PCh. 3.8 - Prob. 2PCh. 3.8 - Prob. 3PCh. 3.8 - Prob. 4PCh. 3.8 - Prob. 5PCh. 3.8 - Prob. 6PCh. 3.8 - Prob. 7PCh. 3.8 - Prob. 8PCh. 3.8 - Prob. 9PCh. 3.8 - Prob. 10PCh. 3.8 - Prob. 11PCh. 3.8 - Prob. 12PCh. 3.8 - Prob. 13PCh. 3.8 - Prob. 14PCh. 3.9 - Prob. 1PCh. 3.9 - Prob. 2PCh. 3.9 - Prob. 3PCh. 3.9 - Prob. 4PCh. 3.9 - Prob. 5PCh. 3.9 - Prob. 6PCh. 3.9 - Prob. 7PCh. 3.9 - Prob. 8PCh. 3.9 - Prob. 9PCh. 3.9 - Prob. 10PCh. 3.9 - Prob. 11PCh. 3.9 - Prob. 12PCh. 3.9 - Prob. 13PCh. 3.9 - Prob. 14PCh. 3.10 - Prob. 1PCh. 3.10 - Prob. 2PCh. 3.10 - Prob. 3PCh. 3.10 - Prob. 4PCh. 3.10 - Prob. 5PCh. 3.10 - Prob. 6PCh. 3.10 - Prob. 7PCh. 3.10 - Prob. 8PCh. 3.10 - Prob. 9PCh. 3.11 - Prob. 1PCh. 3.11 - Show that Finco’s objective function may also be...Ch. 3.11 - Prob. 3PCh. 3.11 - Prob. 4PCh. 3.11 - Prob. 7PCh. 3.11 - Prob. 8PCh. 3.11 - Prob. 9PCh. 3.12 - Prob. 2PCh. 3.12 - Prob. 3PCh. 3.12 - Prob. 4PCh. 3 - Prob. 1RPCh. 3 - Prob. 2RPCh. 3 - Prob. 3RPCh. 3 - Prob. 4RPCh. 3 - Prob. 5RPCh. 3 - Prob. 6RPCh. 3 - Prob. 7RPCh. 3 - Prob. 8RPCh. 3 - Prob. 9RPCh. 3 - Prob. 10RPCh. 3 - Prob. 11RPCh. 3 - Prob. 12RPCh. 3 - Prob. 13RPCh. 3 - Prob. 14RPCh. 3 - Prob. 15RPCh. 3 - Prob. 16RPCh. 3 - Prob. 17RPCh. 3 - Prob. 18RPCh. 3 - Prob. 19RPCh. 3 - Prob. 20RPCh. 3 - Prob. 21RPCh. 3 - Prob. 22RPCh. 3 - Prob. 23RPCh. 3 - Prob. 24RPCh. 3 - Prob. 25RPCh. 3 - Prob. 26RPCh. 3 - Prob. 27RPCh. 3 - Prob. 28RPCh. 3 - Prob. 29RPCh. 3 - Prob. 30RPCh. 3 - Graphically find all solutions to the following...Ch. 3 - Prob. 32RPCh. 3 - Prob. 33RPCh. 3 - Prob. 34RPCh. 3 - Prob. 35RPCh. 3 - Prob. 36RPCh. 3 - Prob. 37RPCh. 3 - Prob. 38RPCh. 3 - Prob. 39RPCh. 3 - Prob. 40RPCh. 3 - Prob. 41RPCh. 3 - Prob. 42RPCh. 3 - Prob. 43RPCh. 3 - Prob. 44RPCh. 3 - Prob. 45RPCh. 3 - Prob. 46RPCh. 3 - Prob. 47RPCh. 3 - Prob. 48RPCh. 3 - Prob. 49RPCh. 3 - Prob. 50RPCh. 3 - Prob. 51RPCh. 3 - Prob. 52RPCh. 3 - Prob. 53RPCh. 3 - Prob. 54RPCh. 3 - Prob. 56RPCh. 3 - Prob. 57RPCh. 3 - Prob. 58RPCh. 3 - Prob. 59RPCh. 3 - Prob. 60RPCh. 3 - Prob. 61RPCh. 3 - Prob. 62RPCh. 3 - Prob. 63RP
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, computer-science and related others by exploring similar questions and additional content below.Similar questions
- I need help with an Excel Function Formula. Here's the question. In cell F6 enter a formula that will multiply the number of children by the Income Per (Column E). If the number of children is zero (the income isn’t based on a per-child cost), then the formula should return the figure in the Income Per column. D6=Children, E6=Income Per As per the question, I'm assuming that if D6=0 then the answer would be the content in E6 so if D6=0 and E6=110 then the answer would be 110. In the other hand, if D6=9 and E6=220 then the answer is 1980. Am I right? If so, I came up with this formula =IF(D6="0", E6, D6*E6) This works good if the content in D6 is greater than 0 but for some reason if the content is 0 my answer keeps coming up as 0 instead of giving me the content from E6. Help. What am I doing wrong?arrow_forwardLAel is always on the lookout for students who might be interested in running for office in student groups. In cell M2 enter a formula using a nested if function and structured references as follows to determine first if a student has already been elected to office in a student group, and if not, whether the student meets the qualifications to run in the futurearrow_forward2. What is the outcome of the equation: (1000 500) or (500 > 1000) and (1000 < 500)? a. True b. Falsearrow_forward
- Use python please. Include bounds and risk. You are the manager of a £100 million portfolio, and you have 6 investment options: - First Mortgages: return 9% and risk score 3- Second Mortgages: return 12% and risk score 6- Personal Loans: return 15% and risk score 8- Commercial Loans: return 8% and risk score 2- Government Securities: return 6% and risk score 1- Saving Account: return 3% and risk score 0 The current regulation requires that the amount allocated in second mortgages and personal loans (combined) should not exceed the amount allocated in first mortages. Given this information: a) Ignoring the risk involved in the different investment options, what is the profit maximizing allocation of resources? What are the expected profits? b) Now, you have to consider the risk associated with the investments. The average risk of your portfolio cannot exceed 5. What is the profit maximizing allocation of resources? What are the expected profits? The average risk is computed as…arrow_forwardApply the Coding phase on the following problem:To find the total marks of a student in an assignment, we need to get the proposal marks, Task 2, Task 3 and Task 4 marks. The total mark, T, must be calculated as the total of all these marks. The final mark F, is then calculated as T minus the penalty, P, applied for late submission. P is calculated as 5% multiplied by the number of working days after the deadline N multiplied by T. Note: we assume that N is less or equal to 5.Write the Java program that reads the required input from the keyboard and displays the result as the student name, student id and final marks.arrow_forwardExperienced students may serve as mentors if they are at least age 21 and have at least 3 years of post-secondary education. In cell L2, enter a formula using the IF and AND functions and structured references as follows to determine if Kay Colbert is eligible to serve as a mentor:a. The IF function should determine if the student's age is greater than or equal to 21 AND the student's post-secondary years are greater than or equal to 3, and should return the text Yes if a student meets both of those criteria or the text No if a student meets none or only one of those criteria.arrow_forward
- Suppose that the total cost (in dollars) for a product is given by C(x) = 1200 + 200 In(2x + 1) where x is the number of units produced. (a) Find the marginal cost MC function. MC = (b) Find the marginal cost when 200 units are produced. (Round your answer to the nearest cent.) Interpret your result. O The profit from the next unit will be approximately this amount. This is the total profit from producing 200 units. It will cost approximately this amount to make the next unit. O This is the total cost of producing 200 units. (c) Total cost functions always increase because producing more items costs more. What then must be true of the marginal cost function? O MC S0 O MC > 0 MC < 0 MC 2 0 MC = 0 %3D Does it apply in this problem? O Yes Noarrow_forwardIt is possible to differentiate scalar functions, aggregate functions, and table-valued functions.arrow_forwardHomework İTÜ A laboratory test was performed to obtain the change of concentration with time. Test results are shown on the table. The student Concentration Time (s) (mg/L) noticed that one datum at t=20s is missing. 194 - Use interp1() function to predict the missing value using different methods: 10 246 15 369 >linear 25 384 > cubic > spline 30 271 40 24 - Plot the results on the same figure. ISTANBUL TEKNİK ÜNİVERSİTESİ Artentr ougt 2020-21 Spring Homework #3 -– Tolga Y. Ozudogru, Ph.D.arrow_forward
- using function [area] = integrate_James_Wolder(xmin,xmax,CO) where CO is Imar y = = rmin f(x) + Co , write a function that returns the area under the curve between xmin and xmax given an initial value of CO . flx)=20sin(x)arrow_forwardplz solve this in C. don't copy other people's code. thanks You are in charge of planning a holiday party for your organization at a venue nearby, which meant that you have to organize the details including food and activities. After researching the possibilities, you have considered three packages. Each package charges a minimum fee for the first hour of room rental, and an additional fee every hour in excess of the first hour. The maximum duration possible for reserving per day is 4 hours. There is a maximum charge for room rental for an event. Write a program that calculates and prints the total charge for a selected package, the duration, and food and activities (based on the number of people attending). Package First Hour of room rental (minimum) Hourly Cost after the First Hour Maximum room rental charge for an event Minimum number of guests Maximum number of guests Cost per person for food and activities #1 $50 $25 $95 50 200 $25…arrow_forwardPlease Do it Fast Question # 01: [CLO1, PLO1] Calculate the “loss in percentage” due to delayed entry in the market for a product launch. The product life time is “2 years” and the delay time is given below: No Delay 1 month delay 6 months delay 1 year delayarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Operations Research : Applications and AlgorithmsComputer ScienceISBN:9780534380588Author:Wayne L. WinstonPublisher:Brooks Cole
Np Ms Office 365/Excel 2016 I NtermedComputer ScienceISBN:9781337508841Author:CareyPublisher:Cengage
Operations Research : Applications and Algorithms
Computer Science
ISBN:9780534380588
Author:Wayne L. Winston
Publisher:Brooks Cole
Np Ms Office 365/Excel 2016 I Ntermed
Computer Science
ISBN:9781337508841
Author:Carey
Publisher:Cengage