1. This problem refers to the class problem solved for unit-pricing linear programming: Unit Pricing for...

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1. This problem refers to the class problem solved for unit-pricing linear programming: Unit Pricing for Bidwell Company When Bidwell decided on the following limits $1.00 X₁ ≤ $4.00 0.50 X₂ 3.00 1.50 X 6.00 1.00X, 4.00 the maximum present worth Z* = $243, 283 was obtained. Is this value larger than the present worth that would be obtained using a uniform 5% markup in Bidwell's Bid data table? TABLE 7.1. Unit Price Proposal Format Item 1 2 3 4 Description Clear and grub Earth excavation Rock excavation Cleanup TABLE 7.2. Bidwell's Bid Data Unit Unit Cost Price Item 1 $2.00/yd 2 Quantity 20,000 yd² 75,000 yd³ 25,000 yd 20,000 yd² 34 $2.10/yd $1.00/yd $1.05/yd $3.80/yd $2.00/yd $2.10/yd² Unit Price Bid total = Proposal Quantities 20,000 yd² 75,000 yd³ $3.99/yd 25,000 yd³ 20,000 yd² Bid total = Item Total Item Total $42,000 $78,750 $99,750 $42,000 $262,500 1. This problem refers to the class problem solved for unit-pricing linear programming: Unit Pricing for Bidwell Company When Bidwell decided on the following limits $1.00 X₁ ≤ $4.00 0.50 X₂ 3.00 1.50 X 6.00 1.00X, 4.00 the maximum present worth Z* = $243, 283 was obtained. Is this value larger than the present worth that would be obtained using a uniform 5% markup in Bidwell's Bid data table? TABLE 7.1. Unit Price Proposal Format Item 1 2 3 4 Description Clear and grub Earth excavation Rock excavation Cleanup TABLE 7.2. Bidwell's Bid Data Unit Unit Cost Price Item 1 $2.00/yd 2 Quantity 20,000 yd² 75,000 yd³ 25,000 yd 20,000 yd² 34 $2.10/yd $1.00/yd $1.05/yd $3.80/yd $2.00/yd $2.10/yd² Unit Price Bid total = Proposal Quantities 20,000 yd² 75,000 yd³ $3.99/yd 25,000 yd³ 20,000 yd² Bid total = Item Total Item Total $42,000 $78,750 $99,750 $42,000 $262,500

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In order to determine if a uniform 5 markup on Bidwells Bid data would result in a present worth that is larger or smaller than the maximum present wo... View the full answer