Write it gams notation and run the program to solve problem

Assignment Help Econometrics
Reference no: EM131295636

MATHEMATICAL PROGRAMMING PROBLEMS

For each of the following problem:

a) Express the problem in mathematical notation.

b) Write it GAMS notation and run the program to solve the problem.

c) Report the results on a separate paper. Specifically, report:

i) The optimum levels of the decision variables.
ii) The value of the objective.
iii) Interpret the marginal values of the constraints, including the meaning of a zero marginal value.

d) Open your *.LST file, edit out the page breaks, print, and attach after the report page.

1. San Bernardino Social Services agency is trying to design a minimum-cost meal that will be used in feeding the area's poor. The meal is to consist only of seaweed and tofu but must meet the following nutrient requirements: calories 300 units, protein 250 units, and vitamins 100 units. The nutrient content per ounce of each food is as follows:

 

Seaweed

Tofu

Minimum Nutrition Requirement

Calories

20

15

300

Protein

10

25

250

Vitamins

10

4

100

Seaweed costs $0.02 per ounce and Tofu costs $0.04 per ounce. Determine the amount of seaweed and tofu that should go into a meal to minimize cost.

2. The production of type A, B, and C transistors requires processing in each of five locations of a firm's manufacturing facility. The price per unit on these products are $1.07, $0.86, and $0.98, respectively and the costs per unit are $1, $0.80, and $0.90, respectively. The processing times required in each location (in minutes) and the total minutes available per production period are shown below. Determine the amount of each type of transistor this company should produce to maximize profits.

 

Time Required in Location (minutes)

Transistor

L1

L2

L3

L4

L5

A

3

1

2

5

2

B

1

1

4

3

5

C

2

2

1

4

4

Total time

 

 

 

 

 

Available in

3,500

2,000

3,000

5,000

3,000

Locations

 

 

 

 

 

3. Coyote Publishing prints its Mathematical Economics textbook in plants in Boston, Atlanta, Denver, Seattle, and San Bernardino. The books are then shipped to distribution centers in Newark, Chicago, Dallas, and Los Angeles. Table below gives the information on cost of shipping a book from the production plants to distribution centers, production capacity at each plant, and quantity demanded at each distribution center. Find the lowest cost way of supplying the textbook to each distribution center.

 

Distribution Center

Plant

Newark

Chicago

Dallas

Los Angeles

Production Capacity

Boston

$0.20

$0.30

$0.40

$0.60

40,000

Atlanta

0.35

0.40

0.45

0.50

10,000

Denver

0.30

0.20

0.30

0.40

15,000

Seattle

0.50

0.40

0.30

0.30

15,000

San- Bernardino

0.70

0.50

0.45

0.20

20,000

Demand

20,000

40,000

30,000

10,000

 

4. Marketing department must select a mix of advertising in order to reach a minimum of 1 million adult males, 2 million adult females, 0.5 million senior citizens, and 1.5 children. The cost per unit of advertising is: television $200, radio $15, magazines $90, and newspaper $30. Determine the number of units of each advertisement that will meet the marketing requirements at a minimum cost.

 

Number of People Reached per Unit

Target

Television

Radio

Magazine

Newspaper

Adult Males

100

5

50

30

Adult Females

300

20

160

5

Seniors

40

10

5

25

Children

100

40

10

5

Reference no: EM131295636

Questions Cloud

Identify the concept of mandatory reporting : Describe the purpose of the abuse regulation,Identify the concept of mandatory reporting within the regulation,methods that healthcare organizations must observe for compliance and the manner in which employees must report,penalties for noncompliance..
Analyze to the mayor one aggregate demand and supply factor : Describe to the mayor one aggregate demand and supply factor that would have the greatest impact on the economy of your city. Provide a rationale for your response.
Prepare the journal entry to record paynes income taxes : At the end of 2012, Payne Industries had a deferred tax asset account with a balance of $30 million attributable to a temporary book-tax difference of $75 million in a liability for estimated expenses. Prepare the journal entry to record Payne's inco..
Write an expression for the waveform : Write an expression for the waveform f(t) in Figure using a delayed exponential.- Use the time-domain translation property to find the Laplace transform of the waveform f(t) found in part (a).
Write it gams notation and run the program to solve problem : Write it GAMS notation and run the program to solve the problem. Find the lowest cost way of supplying the textbook to each distribution center.
Prepare context diagram and data flow diagram : Prepare the following Data Flow Diagram: Prepare a Context Diagram. At ANGIC Insurance Company begins processing casualty claims when the claims department receives a notice of loss from a claimant (usually by phone). The controller returns the proof..
Counters or supports the premise of myth : Summarize the evidence from research that counters or supports the premise of your myth. Conduct research in at least two sources, not including your textbook. Cite your sources using APA style guidelines.
Combination of systematic study and intuition : Discuss the following statement: "The best predictions of behavior are made from a combination of systematic study and intuition."
Requirements for human resources management : What are the job requirements for Human Resources management. Underlying needs for Human Resources management. Company information ( names, address and phone number)

Reviews

Write a Review

Econometrics Questions & Answers

  Design a simple econometric research project

Design a simple econometric research project

  Multiplicative decomposition method

Multiplicative decomposition method

  Market for cigarettes

The Australian government administers two programs that affect the market for cigarettes.

  Solve the forecast model

Solve the forecast model

  What are the marginal abatement cost functions

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).

  Write the t statistic for testing the null hypothesis

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 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

  Multiple choice questions related to market concentration

Determine when a competitively produced product generates negative externalities in production, the industry will,

  Calculating number of units produced by firm

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.

  Question about mobile commerce

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.

  Calculating the average days past due and average flow time

Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:

  Mechanism of an english auction and second price auction

Briefly discuss the difference between mechanism of an oral or English auction and a Vickrey or second price auction.

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