Quantitative Methods

Jennifer Guevara Unit 1 Homework Chapter 1-3 Questions/Problems Chapter 1: Question # 8 Suppose the profligate in this example considers a bet on harvest-tide that has a unit of measurement dough of $5 and requires 2 hours for each unit pay backd. Assume original intersection capacity remains 40. workout y as the tot up of product 2 produced. a.) denominate the mathematical shape when twain products argon considered simultaneously. b.) Identify the governable and uncontrollable inputs for this model. c.) Draw the flow chart of the input-output process for this model (see Figure1.5) d.) What atomic number 18 the optimal solution set of x and y? e.) Is the model developed a settled or a stochastic model? Explain. Answer downstairs: Max 10x+5y s.t. 5x+2y<=40 x>=0, y>=0 lucrativeness from product 1: $10 / 5 hrs Profitability from product 2: $5 / 2 hrs Maximum profit pass on be achieved if all production hours are apply to produce product 2.  Optimal solution:  x = 0, y = 20 Objective function = $100 This is a deterministic model. take hours/ loot per product / total production capacity are cognize exactly. Chapter 1: Question # 13 Micromedia offers computer formulation seminars on a variety of topics .

In the seminars each school-age child works at a personal computer, practicing the particular drill that the instructor is presenting. Micromedia is presently planning a two-day seminar on the hold of Microsoft Excel in Statistical Analysis. The projected fee for the seminar is $ccc per student. The embody for the gathering room, instructor compensation, lab assistants and promotion is $4800. Micromedia rents comp! uters for its seminars at a cost of $30 per computer per day. a.) Develop a model for the total cost to put on a seminar. Let x represent the number of students who enroll in the seminar. b.) Develop a model for the total profit if x students enroll in the seminar. c.) Micromedia has forecasted an enrollment of 30 students for the seminar. How much...If you want to pulsate a climb essay, order it on our website: OrderEssay.net

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