Formulate and Solve Optimization Models with Binary Variables and Logical

question 19

Multiple Choice

Formulate and solve optimization models with binary variables and logical constraints. LO2: Use a modern software tool to perform statistical calculations.
Use the table below to answer the following question(s) using the standard Solver. Below is the spreadsheet for a plant location model: $\begin{array}{|l|l|l|l|l|l|l|}\hline &{\text { A }} & \text { B } & \text { C } & \text { D } & \text { E } & \text { F } \\\hline 1 & \begin{array}{l}\text { Plant Location } \\\text { Model }\end{array} & & & & & \\\hline 2 & & & & & & \\\hline 3 & \text { Data } & & & & & \\\hline4&&&\text { Distribution Center }\\\hline 5 & \text { Plant } & \text { Houston } & \text { San Jose } & \text { Jacksonville } & \text { Memphis } & \text { Capacity } \\\hline 6 & \text { Dallas } & \$ 11.80 & \$ 16.48 & \$ 12.35 & \$ 18.56 & 1,300 \\\hline 7 & \text { Atlanta } & \$ 8.54 & \$ 14.65 & \$ 9.58 & \$ 18.25 & 750 \\\hline 8 & \text { Detroit } & \$ 12.89 & \$ 10.78 & \$ 7.85 & \$ 10.28 & 1,400 \\\hline 9 & \text { Baltimore } & \$ 14.36 & \$ 18.95 & \$ 14.61 & \$ 6.64 & 1,300 \\\hline 10 & \text { Demand } & 350 & 450 & 800 & 1,700 & \\\hline 11 & \\\hline 12 & \text { Model } \\\hline 13 & \\\hline 14 & \text { Amount Shipped }&&\text { Distribution Center } \\\hline 15 & \text { Plant } & \text { Houston } & \text { San Jose } & \text { Jack sonville } & \text { Memphis } & \text { Total Shipped } \\\hline 16 & \text { Dallas } & & & & & \\\hline 17 & \text { Atlanta } \\\hline 18 & \text { Detroit } \\\hline 19 & \text { Baltimore } \\\hline 20 & \text { Supply } \\\hline 21 & \\\hline 22 & \text { Total Cost } \\\hline 23 & \$ 0.00 \\\hline\end{array}$
-In which of the following plants is the total amount shipped to the distribution centers equal to zero?

• A) Dallas
• B) Atlanta
• C) Detroit
• D) Baltimore

Compare levels of income inequality among different countries.

Analyze the trend of income inequality within specific countries like India and China.

Understand the implications of minimum wage laws on employment and the labor market.

Evaluate global changes in income inequality, considering the Gini coefficient as a tool for measurement.

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Definitions:

Cost-Benefit

An analysis or approach that compares the costs of an action to its benefits to determine its feasibility or value.

Internal Controls

Procedures and mechanisms put in place by a company to safeguard assets, enhance the reliability of financial reports, and ensure compliance with laws and regulations.

Benefits

Forms of non-wage compensation provided to employees in addition to their normal wages or salaries, like health insurance, pensions, and holidays.

Voucher

A document authorizing a payment, or indicating an intention to make a payment, for goods or services received.