Find the maximum possible value

Assignment Help Business Management
Reference no: EM133085861

A small town wants to build some new recreational facilities. The proposed facilities include a swimming pool, recreation center, basketball court and baseball field. The town council wants to provide the facilities which will be used by the most people, but faces budget and land limitations. The town has $400,000 and 14 acres of land. The pool requires locker facilities which would be in the recreation center, so if the swimming pool is built the recreation center must also be built. Also the council has only enough flat land to build the basketball court or the baseball field. The daily usage and cost of the facilities (in $1,000) are shown below.

Variable

Facility

Usage

Cost ($1,000)

Land

X1

Swimming pool

500

100

2

X2

Recreation center

450

200

3

X3

Basketball court

300

150

4

X4

Baseball field

200

100

5

The mathematical formulation of this ILP problem is given below:

MAX: 500 X1 + 450 X2 + 300 X3 + 200 X4

Subject to:        

100 X1 + 200 X2 + 150 X3 + 100 X4 ≤ 400 (budget)

2 X1 + 3 X2 + 4 X3 + 5 X4 ≤ 14  (land)

X1 - X2 ≤ 0  (pool & recreation center)

X3 + X4 ≤ 1  (basketball and baseball)

Xi ≥ 1

Xi = 0, 1

Use Solver to find the maximum possible value of the objective function of this ILP problem

Reference no: EM133085861

Questions Cloud

United nations world tourism organisation : Your task is to identify the variety of types and functions of tourism organizations available and evaluate their contribution at regional, national and interna
Business continuity plan for the case of a fire : How to do a Business Impact Analysis and a Business Continuity Plan for the case of a Fire.
Compute the analytical measures of plant age for XYZ Company : Compute the analytical measures of plant age for XYZ Company? Will the analytical measures of plant age impact (be included) an analyst's forecast in this case
Investigate different applications on application layer : Investigate different applications on application layer and Create two Linux Lite instances communicating on the same host machine
Find the maximum possible value : A small town wants to build some new recreational facilities. The proposed facilities include a swimming pool, recreation center, basketball court and baseball
Stock analysis-create scatterplot of the lowest stock price : Create a scatterplot of the lowest stock price (in column labeled "Low") against time. Write a sentence explaining the process by which you created this graph.
Describe uber business model : 1. Describe Uber's business model. What service is Uber providing to the market? Is its business model financially successful?
How much is the tax due of the joint venture : How much is the tax due of the joint venture assuming combined assets amounted to P150 million if they have finished the project in the taxable year 2019
Are the rights of individual property owners : Are the rights of individual property owners more important than the developer's?

Reviews

Write a Review

Business Management Questions & Answers

  What are the various methods to adopt

What are the various methods to adopt in making planning more effective?

  Understanding the steps for calculating uncertainty

I am having trouble understanding the steps for calculating uncertainty. I have gotten my grade for the assignment and my process for calculating uncertainty

  What are the unique solutions provided by businesses

Provide examples of businesses using cradle to cradle or circular economy approaches. What are the unique solutions provided by these businesses?

  What is an example of an innovative product or idea

What is an example of an innovative product or idea? What makes the idea/product innovative?

  Describe central-route processing

Describe central-route processing and discuss ways marketers can influence high-effort consumer attitudes

  How does one get assistance with reports

How does one get assistance with reports? A previous tutor mentioned if a report is needed we will do just that.

  Calculate the npv of project

Kopperud Electronics has an investment opportunity to produce a new HDTV. The required investment on January 1 of this year is $140 million.

  Deliberate the impact of globalization on the firm

Deliberate the impact of globalization on the firm. Are there any effects on its cost structure, markets, currency risk as well as overall strategy? Be sure to deliver a definition of globalization in your answer

  Applying the existing laws of strict liability

What social arguments are promoted by applying the existing laws of strict liability, e.g., the asbestos cases, as compared with negligence?

  Differences between a manager and a leaderif a student is

differences between a manager and a leaderif a student is looking to find the differences between someone that manages

  Design strategies to improve products

With whom should you consult about design strategies to improve products/services and why would you consult with these individuals or groups?

  Choosing loans that are repayable on maturity

If you believe that interest rates are going to rise, would you be better off choosing loans that are repayable on maturity or in fixed annual installments?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd