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A city wants to locate 2 new fire fighting ladder trucks to maximize the number of tall buildings which they can cover within a 3 minute response time. The city is divided into 4 zones. The fire chief wants to locate no more than one of the trucks in either Zone 1 or Zone 2. The number of tall buildings in each zone and the travel time between zones is listed below.
Based on this ILP formulation of the problem what values should go in cells B5:G24 of the following Excel spreadsheet?
Let Xi = 1 if truck located in zone i, 0 otherwise
Option Contracts
Agreements between two parties granting one the option to buy or sell a security at a predetermined price within a certain time period.
Strike Price
The specified price at which the option holder can buy (call option) or sell (put option) the underlying asset or security until the expiration date.
Increase Value
Enhancing the worth or profitability of an asset or company through various strategies and operations.
Teamsters Union
A labor union representing a diverse membership of blue-collar and professional workers in various industries across the United States and Canada.
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