Skip to main content Assignment 3 (Chap 6 and 7) AnswerSaved Helpopens in a new windowSave ExitSubmit Item17eBookReferencesItem17 A firm has prepared the following binary integer program to evaluate a number of potential locations for new warehouses The firm's goal is to maximize the net present value of their decision while not spending more than their currently available capital Max 35 x 1 25 x 2 15 x 3 15 x 4 s t 4 x 1 12 x 2 6 x 3 7 x 4 16 Constraint 1 x 1 x 2 x 3 x 4 2 Constraint 2 x 1 x 2 1 Constraint 3 x 1 x 3 1 Constraint 4 x 2 x 4 Constraint 5 xj 1,iflocationjisselected0,otherwisexj 1,iflocationjisselected0,otherwise Solve this problem to optimality and answer the following questions Which of the warehouse locations will will not be selected What is the net present value of the optimal solution (Round your answer to the nearest whole number ) How much of the available capital will be spent (Hint Constraint 1 enforces the available capital limit) (Round your answer to the nearest whole number ) PrevQuestion17of21Total 17 of21Visit question mapNext

The Answer is in the image, click to view ...

Question: Skip to main content Assignment #3 (Chap. 6 and 7) AnswerSaved Helpopens in a new windowSave & ExitSubmit Item17eBookReferencesItem17 A firm has prepared the following

Skip to main contentAssignment #3 (Chap. 6 and 7)

AnswerSaved

Helpopens in a new windowSave & ExitSubmitItem17eBookReferencesItem17

A firm has prepared the following binary integer program to evaluate a number of potential locations for new warehouses. The firm's goal is to maximize the net present value of their decision while not spending more than their currently available capital.

Max35x₁+ 25x₂+ 15x₃+15x₄ s.t.4x₁+ 12x₂+ 6x₃+ 7x₄ 16{Constraint 1} x₁+x₂+x₃+x₄ 2{Constraint 2} x₁+x₂ 1{Constraint 3} x₁+x₃ 1{Constraint 4} x₂=x₄{Constraint 5}

xj={1,iflocationjisselected0,otherwisexj=1,iflocationjisselected0,otherwise

Solve this problem to optimality and answer the following questions:

Which of the warehouse locations will/will not be selected?

What is the net present value of the optimal solution?(Round your answer to the nearest whole number.)

How much of the available capital will be spent (Hint: Constraint 1 enforces the available capital limit)?(Round your answer to the nearest whole number.)

PrevQuestion17of21Total17of21Visit question mapNext

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!

A scholarship fund pays out 50,000 annually beginning n years from now. To make this go according to plan, annual deposits of 10,000 are made starting today. The credits interest at an annual...

Note:- please send me answer in typed form strictly prohibited hand written solution please don't use chatgpt otherwise I will report coursehero

Suppose that insurance companies did a survey. They randomly surveyed 420 drivers and found that 330 claimed they always buckle up. We are interested in the population proportion of drivers who claim...

Describe the typical terrorist cell.

Which of the gold mining companies mentioned in this case are more or less environmentally responsible? What factors, in your view, might cause these differences?

Marian Plunket owns her own business and is considering an investment. If she undertakes the investment, it will pay $$8000$ at the end of each of the next three years. The opportunity requires an...

Besides the aforementioned relevant characteristics, the new job requires a high amount of learning orientation. To what extent do you think one can train Julia in order to increase her learning...

1. Calculate the C&F Lisbon price per machine and the CIF Lisbon price per machine. 2. At what point in time, or place, will RAP's responsibilities for arrangements of the shipment end? When does...

JAVA PROGRAMMING LANGUAGE!!!!!!! DO NOT DO THE PROGRAM! DO NOT DO THE PROGRAM! PLEASE MAKE A DESIGN DIAGRAM PLEASE! PLEASE MAKE A DESIGN DIAGRAM PLEASE! PLEASE MAKE A DESIGN DIAGRAM PLEASE! PLEASE...

A shaft is to be designed to support the spur pinion and helical gear shown in the figure on two bearings spaced 700 mm center-to-center. Bearing A is a cylindrical roller and is to take only radial...

Assets decreased by $40,000 during the period. Liabilities decreased by $12,000 during the period. No new shares of stock were sold and none repurchased. Cash dividends declared and paid during the...

Imagine that you work as a Quality Analyst for a hospital. A medication error has occurred. This error did not cause permanent harm, but did result in additional medical treatment and an extended...

Who is the main competitor you analyzed, and what is this competitor known for? What are some of the current economic conditions that might affect the delivery of the competitor's product? What are...

30. Adam Smith is considering automating his pin factory with the purchase of a $475,000 machine. Shipping and installation would cost $5,000. Smith has calculated that automation would result in...

1) As their Consultant, explain the innovation process to them and outline the two (2) reasons innovation would be a better option to commence their business. 2) Outline the three (3) basic steps for...

67. Deep South Dairy gathered the following data about the two products that it produces: Current Sales Product Milk Yogurt Value $8,000 12,000 Estimated Added Processing Costs Sales Value if...

Question 7 As a proportion of total assets, Nike's largest asset at the most recent balance sheet date was: O a. cash and equivalents b. inventories c. accounts receivable, net O d. property, plant...

Find the equations of the ellipses satisfying the given conditions. The center of each is at the origin. Passes through (2, 2) and (1, 4)

7. Suppose a coin having probability 0.7 of coming up heads is tossed three times. Let X denote the number of heads that appear in the three tosses. Determine the probability mass function of X.

6. Suppose five fair coins are tossed. Let E be the event that all coins land heads. Define the random variable IE For what outcomes in the original sample space does IE equal 1? What is P{IE = 1}?...

Applying the proposition to Example 2.23 yields E[X2] = 02 (0.2) + (12 )(0.5) + (22 )(0.3) = 1.7 which, of course, checks with the result derived in Example 2.23.