-Use the Next-Fit (NF) Bin-Packing Algorithm to Pack the Following

question 92

Essay

-Use the next-fit (NF) bin-packing algorithm to pack the following weights into bins that can hold no more than 10 lbs.
1 lb, 2 lbs, 2 lbs, 7 lbs, 8 lbs, 5 lbs, 8 lbs, 4 lbs, 10 lbs, 6 lbs

---

Definitions:

Responsiveness of Quantity

The degree to which the quantity demanded or supplied responds to changes in price, income, or other factors.

Responsiveness of Price

The degree to which the demand or supply of a product changes in response to a change in price.

Consumer Surplus

The difference between what consumers are willing to pay for a good or service and what they actually pay, representing the extra satisfaction or utility gained.

Market Price

is the current price at which a product, security, or commodity can be bought or sold in a marketplace.