Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1 . Let M be the number of units to make and B be the number of units to buy. We want to minimize the

1. Let M be the number of units to make and B be the number of units to buy. We want to minimize the total cost. If it costs $ 2 to make a unit and $ 3 to buy a unit and totally exactly 4000 units are needed, the constraint that totally 4000 units are needed can be formulated as a. M+B>=4000 b. M+B=4000 c.2 M+3B=4000 d.2 M+3 B <=40002. Use the information given in #1. The objective function is a. Max 2 M+3B b. Min 4000(M+B) c.2 M+3B d. Min 2 M+3B 3. A company makes two products, A and B. A sells for $ 100 and B sells for $ 90. The variable production costs are $ 30 per unit for A and $ 25 for B. To maximize the total profits, the company's objective function could be written as a.100A+90B b. Max 30A+25B c. Max 70A+25B d. Max 70A+65B 4. Let A, B, and C be the amounts invested in companies A, B, and C. If no more than 60% of the total investment can be invested in company C, then a. C <=0.6 b.-0.4A+0.6B-0.4 C>=0 c.-0.6A-0.6B+.4 C<=0 d.-0.4A+0.6B-0.4 C<=05. is the process of translating a verbal statement of a problem into a mathematical statement. a. Simulation b. Problem description c. Problem formulation d. Linear programming

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management

Authors: Patrick J. Montana, Bruce H. Charnov

5th Edition

1438004826, 978-1438004822

More Books

Students also viewed these General Management questions

Question

4. State the seven common measures of queuing system performance.

Answered: 1 week ago