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Concentrator location on a line (Balakrishnan, Magnanti, and Wong [1989]). In the telecommunication industry, telephone companies typically connect each customer directly to a switching center, which is a device that routes calls between the users in the system. Alternatively, to use fewer cables for routing the telephone calls, a company can combine the calls of several customers in a message compression device known as a concentrator and then use a single cable to route all of the calls transmitted by those users to the switching center. Constructing a concentrator at any node in the telephone network incurs a node-specific cost and assigning each customer to any concentrator incurs a "homing cost" that depends on the customer and the concentrator location. Suppose that all of the customers lie on a path and that we wish to identify the optimal location of concentrators to service these customers (assume that we must assign each customer to one of the concentrators). Suppose further that the set of customers allocated to any concentrator must be contiguous on the path (many telephone companies use this customer grouping policy). How would you find the optimal location of a single concentrator that serves any contiguous set of customers? Show how to use the solution of these single-location subproblems (one for each interval of customers) to solve the concentrator location problem on the path as a shortest path problem.
Design a simple econometric research project
Multiplicative decomposition method
The Australian government administers two programs that affect the market for cigarettes.
Solve the forecast model
What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).
Explain why this model violates the assumption of no perfect collinearity. Write the t statistic for testing the null hypothesis
What is economics system? What are the types of economics system? Briefly explain each type of economics system by giving examples of nations that are close to each type
Determine when a competitively produced product generates negative externalities in production, the industry will,
Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.
M-commerce also known as mobile commerce is being lumped in with several strategic internet plans. Explain some of the industries that are likely to use mobile commerce and how it is working for them.
Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:
Briefly discuss the difference between mechanism of an oral or English auction and a Vickrey or second price auction.
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