Deluxe River Cruises operates a fleet of river vessels. The fleet has two types of vessels:...
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Deluxe River Cruises operates a fleet of river vessels. The fleet has two types of vessels: a type A. x, vessel has 60 deluxe cabins and 160 standard cabins, whereas a type B vessel, y, has 50 deluxe cabins and 120 standard cabins. Under a charter agreement with the Odyssey Travel Agency, Deluxe River Cruises is to provide Odyssey with a minimum of 360 deluxe and 680 standard cabins for their 15-day cruise in May. It costs $58,000 to operate a type A vessel and $54,000 to operate a type B vessel for that period. (a) How many of each type of vessel should be used to keep the operating costs C to a minimum? at (x, y) (b) Suppose C cx+54,000y, Find the range of values that the cost of operating a type A vessel, the coefficient c of x, can assume without changing the optimal solution. The minimum is C = SCS (c) Find the range of values that Requirement 1 for deluxe cabins can assume. (Requirement 1 pertains to the deluxe cabin requirement.) (Requirement 1) S (d) Find the shadow price for Requirement 1 for deluxe cabins. (Round your answer to the nearest cent.) Deluxe River Cruises operates a fleet of river vessels. The fleet has two types of vessels: a type A. x, vessel has 60 deluxe cabins and 160 standard cabins, whereas a type B vessel, y, has 50 deluxe cabins and 120 standard cabins. Under a charter agreement with the Odyssey Travel Agency, Deluxe River Cruises is to provide Odyssey with a minimum of 360 deluxe and 680 standard cabins for their 15-day cruise in May. It costs $58,000 to operate a type A vessel and $54,000 to operate a type B vessel for that period. (a) How many of each type of vessel should be used to keep the operating costs C to a minimum? at (x, y) (b) Suppose C cx+54,000y, Find the range of values that the cost of operating a type A vessel, the coefficient c of x, can assume without changing the optimal solution. The minimum is C = SCS (c) Find the range of values that Requirement 1 for deluxe cabins can assume. (Requirement 1 pertains to the deluxe cabin requirement.) (Requirement 1) S (d) Find the shadow price for Requirement 1 for deluxe cabins. (Round your answer to the nearest cent.)
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Related Book For
Managerial accounting
ISBN: 978-0471467854
1st edition
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
Posted Date:
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