Solve using artificial variables.The maximum is z =(Simplify your answers.)Maximizesubject to:with***when x₁ = and x₂ = 0.X1z = 3x₁ + 2x₂X₁ + X₂ = 804x₁ + 2x₂ 21405x₁ + 2x₂ $250X₁ 20, x₂ 20

Ans) This is linear programming problem. Objective is Maximize Z = 3x1 + 2x2 Constraint 1: x1 +…

Answered: Solve using artificial variables. The…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter7: Nonlinear Optimization Models

Section7.7: Portfolio Optimization Models

Problem 35P

See similar textbooks

Similar questions

In this version of dice blackjack, you toss a single die repeatedly and add up the sum of your dice tosses. Your goal is to come as close as possible to a total of 7 without going over. You may stop at any time. If your total is 8 or more, you lose. If your total is 7 or less, the house then tosses the die repeatedly. The house stops as soon as its total is 4 or more. If the house totals 8 or more, you win. Otherwise, the higher total wins. If there is a tie, the house wins. Consider the following strategies: Keep tossing until your total is 3 or more. Keep tossing until your total is 4 or more. Keep tossing until your total is 5 or more. Keep tossing until your total is 6 or more. Keep tossing until your total is 7 or more. For example, suppose you keep tossing until your total is 4 or more. Here are some examples of how the game might go: You toss a 2 and then a 3 and stop for total of 5. The house tosses a 3 and then a 2. You lose because a tie goes to the house. You toss a 3 and then a 6. You lose. You toss a 6 and stop. The house tosses a 3 and then a 2. You win. You toss a 3 and then a 4 for total of 7. The house tosses a 3 and then a 5. You win. Note that only 4 tosses need to be generated for the house, but more tosses might need to be generated for you, depending on your strategy. Develop a simulation and run it for at least 1000 iterations for each of the strategies listed previously. For each strategy, what are the two values so that you are 95% sure that your probability of winning is between these two values? Which of the five strategies appears to be best?
The Math Club is selling pies on March 14th as a fundraiser. Let Q be the number of pies they make and sell. The total cost, C(Q) in dollars, for making Q pies is given by: C(Q) = 36 + 2Q. Sales price is 5 dollars for each pie. What is the total cost of making 20 pies?
Suppose your total benefits of renting x DVD's next month is: -²2² +14x+50 The cost of renting a DVD is $2, and so the total cost of renting x DVD's is $2x. Calculate your net benefit from watching 1, 2...8 DVDs. Complete column (2). (Enter your responses as integers.) (1) DVDs Rented 0 1 N345678 2 (2) Total Net Benefit
The Math Club is selling pies on March 14th as a fundraiser. Let Q be the number of pies they make and sell. The total cost, C(Q) in dollars, for making Q pies is given by: C(Q) = 36 + 2Q. The sales price is 5 dollars for each pie. What is the fixed costs of making pies?
The Math Club is selling pies on March 14th as a fundraiser. Let Q be the number of pies they make and sell. The total cost, C(Q) in dollars, for making Q pies is given by: C(Q) = 36 + 2Q. Sales price is 5 dollars for each pie. What is the additional cost to make 21 pies instead of 20 pies?
a. Which of the following best describes the meaning of the equation P(25) = 200? 1. When 200 calculators are sold, the profit is $25. II. When 200 calculators are sold, the profit is increasing at a rate of $25 per additional calculator III. When 25 calculators are sold, the profit is $200. IV. When 25 calculators are sold, the profit is increasing at a rate of $200 per additional calculato
Which of the following statements is correct regarding the EMH form? Select one: None of the answers are correct If the market is weak-form efficient, then it is also semistrong and strong-form efficient. If the market is semistrong form efficient, then it is also strong form efficient If a market is strong-form efficient, it is also semistrong and weak form efficient If the market is strong-form efficient, it is also semistrong but not weak-form efficient
Maximize C- 16A + 21B subject to 9A +15B $22 10A + 3B ≤ 29 and A≥0, B20. What is the optimal value of A? O 2.444 O 0.000 39.11 O 4.222
A winner of the multi - state lotto won a one-time payout and decided to invest part of it into an annuity. If the winner invests $6, 700,000.00 into a 30 year annuity that pays 3.5%, compounded monthly and makes each month payments. What is the amount of each month payments? The payment would be $ . (Round to 2 decimal places.)
Yearly oil production in Mexico, and yearly oil imports of the US from Mexico can be represented by the functions: P(t) = 3.0 – 0.13t million barrels I(t) 1.4 + 0.06t million barrels in year t, where t is the time in years since the start of 2000. a) What is represented by the functions P(t) – I(t) and I(t)/P(t)? What are the units for these functions? b) Let q(t) = I(t)/P(t). Compute q'(t) and q'(3). Interpret in a complete sentence. c) In marginal analysis, we would use q' (3) to estimate what quantity? Compute the actual value of that quantity and compare it with q'(3).
Player A and B play a game in which each has three coins, a 5p, 10p and a 20p. Each selects a coin without the knowledge of the other’s choice. If the sum of the coins is an odd amount, then A wins B’s coin. But, if the sum is even, then B wins A’s coin. Find the best strategy for each player and the values of the game.
A desk contains three drawers. Drawer 1 contains twogold coins. Drawer 2 contains one gold coin and one silvercoin. Drawer 3 contains two silver coins. I randomly choosea drawer and then randomly choose a coin. If a silver coinis chosen, what is the probability that I chose drawer 3?

SEE MORE QUESTIONS

Recommended textbooks for you

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

SEE MORE TEXTBOOKS

Solve using artificial variables. The maximum is z = (Simplify your answers.) Maximize subject to: with ... when x₁ = and x₂ = 0. z = 3x₁ + 2x₂ x₁ + x₂ = 80 4x₁ + 2x₂ 2140 5x₁ + 2x₂ $250 x₁20, X₂ 20