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Question: The Bayside Art Gallery is considering installing a video camera security system to reduce its insurance premiums. A diagram of the eight display rooms that Bayside uses for exhibitions is shown in the following figure; the openings between the rooms are numbered 1-13. A security firm proposed that two-way cameras be installed at some room openings. Each camera has the ability to monitor the two rooms between which the camera is located. For example, if a camera were located at opening number 4, rooms 1 and 4 would be covered; if a camera were located at opening 11, rooms 7 and 8 would be covered; and so on. Management decided not to locate a camera system at the entrance to the display rooms. The objective is to provide security coverage for all eight rooms using the minimum number of two-way cameras.
a. Formulate a binary integer linear programming model that will enable Bayside's management to determine the locations for the camera systems.
b. Solve the model formulated in part a to determine how many two-way cameras to purchase and where they should be located.
c. Suppose that management wants to provide additional security coverage for room 7. Specifically, management wants room 7 to be covered by two cameras. How would the model you formulated in part a have to change to accommodate this policy restriction?
d. With the policy restriction specified in part c, determine how many two-way camera systems will need to be purchased and where they will be located.
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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