Formulate and solve this problem using a linear program

Assignment Help Business Economics
Reference no: EM131666133

The company must determine how many storage rooms of each size to build.

x1:the number of large spaces developed

x2: the number of small spaces developed.

A: 4x1 + 4 x2 ≤ 480 (advertising budget)

B: 80x1 + 40x2 ≤ 5600 (square footage required)

C:x1 ≤ 50 (rental limit expected)

Question:

Several assumptions must implicitly be made to formulate and solve this problem using a linear program. Identify at least one LP assumption which is violated in this context, i.e., which may not be appropriate when the decision variables relate to the number of storage units developed.

Reference no: EM131666133

Questions Cloud

Employee morale and business performance : How does the ethical code of conduct and behavior at your organization influence employee morale and business performance? Provide specific examples.
Find an example of conflict : Find an example of conflict (Oprah Winfrey) this Leader dealt with and use the course concepts to judge its results.
Define what is law and economics : What is Law and Economics, Why do we study it, How is it different than either law or economics
What is aristophanes doing during eryximachus speech : What is Aristophanes' doing during Eryximachus' speech. According to Aristophanes' myth, what do humans look like at first?
Formulate and solve this problem using a linear program : Several assumptions must implicitly be made to formulate and solve this problem using a linear program. Identify at least one LP assumption which is violated.
How to allocate indirect costs to the division : Cost allocation to divisions. Rembrandt Hotel & Casino is situated on beautiful Lake Tahoe in Nevada. The complex includes a 300-room hotel, a casino.
Define what was congress intent in passing that law : How does the HCQIA help in peer review; what was Congress' intent in passing that law
Quantity surveying master program : Quantity Surveying Master Program - The assignment which need to consider for the three types of construction standard contract form, JCT, NEC & FIDIC
Define what are exculpatory agreements : What are the consequences for intentionally altering, falsifying, or destroying medical records

Reviews

Write a Review

Business Economics Questions & Answers

  Standard renewable energy in oklahoma

1) When pricing its products, what external factors should Standard Renewable Energy in Oklahoma pay particular attention to and why?

  Found in the literature review section

Most threats to ____ are taken care of by the experiments design, while most threats to _____ need to be take care of by the designer of the experiment. which of the following would be found in the literature review section

  Value chains involved in providing a given product

Value Chain; Multiple Industries Generally, the value chains involved in providing a given product or service can be from multiple industries that can be interconnected in complex ways. One example is the auto industry where the primary consumer, the..

  Raise reserves have on the banking and monetary system

You are the president of a commercial bank that is also a member of the Federal Reserve System, and you want to increase your bank’s reserves. But you currently have negative excess reserves, in which case your bank is borrowing from the Fed and the ..

  Currency against the dollar in order to increase exports

In recent news there was a discussion about the possibility that some European Union members were considering a strategy of intentionally devaluing their currency against the dollar in order to increase exports. Explain how it is possible for a count..

  Demand greater transparency in pricing

Do you believe accrediting commissions (e.g., the Joint Commission) will demand greater transparency in pricing?

  The firm would make more money by shutting down

Morgan company’s marginal cost curve is: MC = 4+3Q Where MC is marginal cost and Q is the number of units of its product. The price of a unit of its product is $3. A consultant hired by the company argues based on the evidence, the firm would make mo..

  Total returns and diminishing marginal returns to inputs

a.) What is the difference between diminishing total returns and diminishing marginal returns to inputs? b.) Sketch a graph and explain why a consumer would generally prefer a cash subsidy to a food stamp.

  Gross domestic product measures

Gross Domestic product measures the

  Present worth of an increasing geometric gradient

You are told that the present worth of an increasing geometric gradient is $88,146. If the cash flow in year 1 is $25,000 and the gradient increase is 18% per year, what is the value of n? The interest rate is 10%per year.

  Denominators for percentage change calculations

Average visits per week equal 640 when the copayment is $40 and 360 when the copayment is $60. Calculate the percentage change in visits, percentage change in price, and price elasticity of demand using 640 and $40 as the denominators for percentage ..

  Q1 recognize minimum 1 important entrepreneur that you

q1. recognize minimum 1 important entrepreneur that you would consider an entrepreneurial legend and explain why you

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