Problem 1-15 (Algorithmic) Preliminary plans are under way for the construction of a new stadium for a major league baseball team. City officials have questioned the number and profitability of the luxury corporate boxes planned for the upper deck of the stadium. Corporat and selected individuals may buy the boxes for $300,000 each. The fixed construction cost for the upper-deck area is estimated to be $4,550,000, with a variable cost of $150,000 for each box constructed. a. What is the breakeven point for the number of luxury boxes in the new stadium? Round your answer to the nearest whol number Breakeven point luxury boxes b. Preliminary drawings for the stadium show that space is available for the construction of up to 47 luxury boxes. Promoters indicate that buyers are available and that all 47 could be sold if constructed. What is your recommendation concerning th construction of luxury boxes? In order to maximize profits, the recommendation is to What profit is anticipated? Round your answer not build any luxury corporate boxes Profit build 27 luxury corporate boxes build 37 luxury corporate boxes build 47 luxury corporate boxes Previous 22 SO DOO FA FS 38 DW 58 6 57 # $ % @ 2 1 3 4 5 6 7 8 W E R T Y U I Problem 1-09 (Algorithmic) Suppose the following is the mathematical model: Max 12x St. ax s 55 x 20 where a is the number of hours required for each unit produced. With a = 5, the optimal solution is x 11.00. If we have a stochastic model with a = 3, a -4,2-5, ora 6 as the possible values for the number of hours required per unit, what is the optimal value for x? Round your answers for the optimal solution to two decimal places. Round the answers for profit to the nearest dollar. 22 2 11 80 DOO od FT DI FB FS 59 $ % & * W # 4 5 6 7 8 9 0 E R. T Y U 0 F Problem 1-09 (Algorithmic) Suppose the following is the mathematical model: Max 12x s.t. ax s 55 x 20 where a is the number of hours required for each unit produced. With a = 5, the optimal solution is x = 11.00. If we have a stochastic model with a = 3, a. 4, a -5, hours required per unit, what is the optimal value for x? Round your answers for the optimal solution to the nearest dollar. ? V B N M