Question: Linear programming question( Graduate level) 1. A firm has just discovered that, for the next three months, it will have an insufficient supply of warehouse
Linear programming question( Graduate level)
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| space. The additional space requirements for the next three months are: | |
| Month January February March | |
| Space required (1000 sq. ft.) 25 10 20 | |
| To meet its requirements, the firm plans to lease additional space on a short-term basis. At the beginning | |
| of each month, the firm can lease any amount of space for any number of months. Separate leases | |
| can be taken out for different amounts of space and/or different lengths of time. For example, in the | |
| first month, it might lease 20000 sq. ft. for 2 months, and another 5000 sq. ft. for 1 month. Also, new | |
| leases may be taken out before the old ones expire. The costs per thousand square feet for leases of | |
| various lengths are given by: | |
| Length of lease 1 Month 2 Months 3 Months | |
| Cost ($ per 1000 sq. ft.) 280 450 600 | |
| Formulate a linear program whose solution will provide a leasing policy that satisfies the space requirements | |
| at minimum cost. | |
| 2. A manager for an outsourcing company has five jobs that can be performed by any of three contractors, | |
| except that contractor #2 cannot perform job #4. The cost for each contractor to perform each job is | |
| shown in the table below. Each job must be performed by exactly one contractor, and each contractor | |
| may not perform more than two jobs. Formulate a linear programming problem to minimize the cost | |
| of the assignments. | |
| Contractors \ Jobs 1 2 3 4 5 | |
| 1 8 6 5 7 4 | |
| 2 6 5 3 2 | |
| 3 7 8 5 6 3 |
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