Jim Is Trying to Solve a Problem Where Point a Should

question 24

Essay

Jim is trying to solve a problem where point A should be within the radius of 15cms from the points B, C, D, E and F. The decision variables are defined as below.
X = horizontal coordinate of point A
Y = vertical coordinate of point A
The data on the distances is given below:

Formulate a model to find the optimal location of the point A.

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Definitions:

Saving

The portion of income that is not spent on consumption but is kept aside for future use, investments, or emergencies.

Disposable Income

Income remaining after deduction of taxes and social security charges, available to be spent or saved as one wishes.

Consumption Spending

The total money spent by households in an economy on goods and services.