Examlex
The university administration would like to add some additional parking locations. To make everyone happy, they would like each building to be within a 5 minute walk of one set of new parking spaces (the spaces will be added in blocks of 10 parking spaces) . The university is considering six locations for the new parking spaces, but would like to minimize the overall cost of the project. In addition to the walking time requirement, the university would like to add at least 40 new parking spaces (at least 4 blocks of 10) . To help with the decision, the management science department formulated the following linear programming model:
Min 400x1 + 375x2 + 425x3 + 350x4 +410x5 + 500x6
s.t. x1 + x2 + x5 + x6 ? 1 {Residence Hall A constraint}
X1 + x2 + x3 ? 1 {Residence Hall B constraint}
X4 + x5 + x6 ? 1 {Science building constraint}
X1 + x4 + x5 ? 1 {Music building constraint}
X2 + x3 + x4 ? 1 {Math building constraint}
X3 + x4 + x5 ? 1 {Business building constraint}
X2 + x5 + x6 ? 1 {Auditorium constraint}
X1 + x4 + x6 ? 1 {Arena constraint}
X1 + x2 + x3 + x4 + x5 + x6 ? 4 {Total locations constraint}
Which of the locations is the most expensive?
Best Practice
A method or technique that has been generally accepted as superior to any alternatives because it produces results that are superior to those achieved by other means.
Performance Target
A specific goal assigned to a business, department, team, or individual, usually quantifiable, that aims to achieve a defined standard of performance.
Critical Success Factors
Essential elements or conditions that must be met for a project, venture, or business to achieve its objectives.
Performance Measurement
The process of evaluating and assessing an individual's or organization's work or performance against predefined objectives or standards.
Q3: The figure below shows the possible routes
Q7: Investigating the potential outcomes when estimates turn
Q14: Refer to the following payoff table:<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6598/.jpg"
Q39: The figure below shows the nodes (A-I)
Q43: Note: This problem requires the use
Q61: Customers arrive at a suburban ticket outlet
Q62: Variable cells<br> <span class="ql-formula" data-value="\begin{array}{|r|r|r|r|r|r|r|}\hline \text
Q69: A shadow price reflects which of the
Q71: Cost-benefit-tradeoff problems are linear programming problems involving
Q78: A simulation model is often formulated in