Question: Question 2) (25 points) Consider a box with a limited weight of 50 and a limited volume of 8. We want to select a subset

Question 2) (25 points) Consider a box with a limited weight of 50 and a limited volume of 8. We want to select a subset of the following items and put them into the box to maximize the total value. We cannot violate the weight and volume capacity of the box. Item ABCDEFG Weight 132081815129 Volume 4,4214121 Value 8 16 8 14 10 10 2 1- Write a mathematical optimization model for this problem. Clearly define decision variables, objective function, and constraints for the optimization model. 2- Use Excel to solve the optimization model. Which items should be selected? What is the optimal value of the objective function? 3- (Bonus question) (5 points) Can you design a greedy algorithm that incorporates, weights, volumes, and values of the items to solve this

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

For the mathematical models either use Word Equations, or write down the formulas on a paper, take a photo, and copy the photo. you MUST upload the word file and an Excel Workbook, in which each...

you MUST upload the word file and supporting Excel workbooks that are named by each question. Question 2) (25 points) Consider a box With a limited weight of 50 and a limited volume of 8 . We want to...

Question 2) (25 points) Consider a box with a limited weight of 50kg and a limited volume of 8m3. We want to select a subset of the following items and put them into the box to maximize the total...

Question 1) (20 points) Consider a pottery workshop that produces bowls, mugs, and plates . The number of labor hours and amount of clay needed to produce a unit of these products is presented in...

please answer this as soon as possible. Brightspace xExam ITT MID-TERM Exam Question 3 of 50 / Time Remaining: 01:59:30 Answe 66el- Quest What type of insurance is usually arranged by the exporter or...

Can i get help with my practice exam? I wanna compare it to mine but i have nobody to do it with. Practice quiz for final Question 1 (2 points) What are the two main goals of estate planning?...

uestion: 1. IN A STOCK ACQUISITION ACCOUNTED FOR BY THE EQUITY METHOD, A PORTION OF THE PURCHASE PRICE OFTEN IS ATTRIBUTABLE TO GOODWILL OR TO SPECIFIC ASSETS OR LIABILITIES. HOW OR UNDER WHAT BASIS...

i need help with understanding and answers. final exam questions from old test as a study guide ACCT 553 Final Exam IF You Want To Purchase A+ Work then Click The Link Below For Instant Down Load...

Using T accounts for Cash, Account Receivable, Sales Tax Payable, Sales, Sales Returns and Allowances, and Sales Discounts enter the following sales transactions. Use a new set of accounts for each...

Let's suppose that a gene affecting pigmentation is found on the X chromosome (in mammals or insects) or the Z chromosome (in birds) but not on the Y or W chromosome. It is found on an autosome in...

4 / 9 / 2 5 , 7 : 0 3 PM . 3 1 of 1 3 7 This test: 1 3 7 point ( s ) possible This question: 1 point ( s ) posvible Test: Final practice What is the time lag that describes the time it takes...

When older adults have difficulty with transportation and communication, or may be reluctant to request needed assistance to which they are entitled, they may be in need of: Group of answer choices...