Determine how maximum revenue with transportation model, Mathematics

Assignment Help:

The government is auctioning off oil leases at two sites. At each site, 100,000 acres of land are to be auctioned. Cliff Ewing, Blake Barnes and Alexis Pickens are bidding for the oil. Government rules state that no bidder can receive more than 40% of the land being auctioned. Cliff has bid $1000 per acre for site 1 land and $2000 per acre for site 2 land. Blake has bid $900 per acre for site 1 land and $2200 per acre for site 2 land. Alexis has bid @1100 per acre for site 1 land and $1900 per acre for site land.

a)  Determine how to maximize the governments revenue with a transportation model.

b)  Use Solver Tab to see how changes in the government's rule on 40% of all land being auctioned affect the optimal revenue.

 


Related Discussions:- Determine how maximum revenue with transportation model

Stuck on this, I need help on radical notation for a homework assignment I'...

I need help on radical notation for a homework assignment I''m really confused on it. Can I get help?

Discrete-time signals as energy or power signals, Classify the following di...

Classify the following discrete-time signals as energy or power signals. If the signal is of energy type, find its energy. Otherwise, find the average power of the signal. X 1

Numerical integration - simpson rule, (1)Derive, algebraically, the 2nd ord...

(1)Derive, algebraically, the 2nd order (Simpson's Rule) integration formula using 3 equally spaced sample points, f 0 ,f 1 ,f 2 with an increment of h. (2) Using software such

PARCC Practice Book, Ask question #Minimum 100 words acceptThe top of Kevi...

Ask question #Minimum 100 words acceptThe top of Kevin''s dining room table is 4 feet long, and 3 feet wide. Kevin wants to cover the middle of the table with tiles. He plans to le

System of linear equations, create a system of linear equations that has (2...

create a system of linear equations that has (2,3)as a solution.

Linear programming , Use the simplex method to solve the following LP Probl...

Use the simplex method to solve the following LP Problem. Max Z = 107x1+x2+2x3 Subject to 14x1+x2-6x3+3x4=7 16x1+x2-6x3 3x1-x2-x3 x1,x2,x3,x4 >=0

Ratio lanquage, Alexis needs to paint the four exterior walls of a large re...

Alexis needs to paint the four exterior walls of a large rectangular barn. the length of the barn is 80 feet the width is 50 feet and the height is 30 feet. The pain costs 28 dolla

Representation of a set, Normally, sets are given in the various ways A)...

Normally, sets are given in the various ways A) ROASTER FORM OR TABULAR FORM In that form, we describe all the member of the set within braces (curly brackets) and differen

Discovery, i have discovered a formula for finding the radius at any point ...

i have discovered a formula for finding the radius at any point of the graph have i done a good job

Write Your Message!

Captcha
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