Examlex
Note: This problem requires the use of a linear programming application such as Solver or Analytic Solver.
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}
Set up the problem in Excel and find the optimal solution. What is the cost of the optimal set of locations?
Business Combination
The merger or joining of two or more companies into one entity, often to expand market share or diversify offerings.
SEC
The U.S. Securities and Exchange Commission, a federal agency responsible for enforcing federal securities laws and regulating the securities industry.
Form S-3
Form S-3 is a regulatory filing used by publicly traded companies in the United States to provide updated or annual information to investors, utilized for simplified security offerings.
S-1
A registration statement filed with the U.S. Securities and Exchange Commission used by companies planning on going public to register their securities.
Q11: variable cells<br> <span class="ql-formula" data-value="\begin{array} {
Q20: The maximum likelihood criterion ignores the payoffs
Q22: The figure below shows the nodes (A
Q24: Based on the following payoff table,
Q36: In the algebraic form of a resource
Q40: When conducting robust optimization<br>I. Use the maximum
Q49: One key advantage of computer simulation is
Q52: A firm has 4 plants that
Q53: Forecasts can help a manager to:<br>A) anticipate
Q54: Which of the following statements about the