Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

17. Consider again the Ohio Trust Inc. problem described in WEB fi l o Problem 15. Suppose only a limted number of PPBs can be

image text in transcribed
17. Consider again the Ohio Trust Inc. problem described in WEB fi l o Problem 15. Suppose only a limted number of PPBs can be OhioTrustPop placed. Ohio Trust would like to place this limited number of PPBs in counties so that the allowable branches can reach the maximum possible population. The file OhioTrustPop contains the county adjacency matrix described in Problem 15 as well as the population of each county. . Assume that only a fixed number of PPEs, denoted k. can be established. Formulate a linear binary integer program that will tell Ohio Trust Inc. where to locate the fixed number of PPBs in order to maximize the population reached. (Hint: Introduce variable y; = 1 ifitis possible to establish a branch in county i, and y; = 0 otherwise; that is, if county iis covered by a PPE, then the population can be counted as covered.) . Suppose that two PPBs can be established. Where should they be located to maximize the population served? . Solve your model from part a for allowable number of PPBs ranging from 1 to 10. In other words, solve the model 10 times, ksetto 1, 2, ..., 10. Record the population reached for each value of k. Graph the results of this analysis by plotting the population reached versus number of PPBs allowed. Based on their cost calculations, Ohio Trust considers an additional PPB to be fiscally prudent only if it increases the population reached by at least 500,000 people. Based on this graph, what is the number of PPBs you recommend to be implemented

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_2

Step: 3

blur-text-image_3

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

Algebra I Dummies

Authors: Mary Jane Sterling

1st Edition

1119843049, 978-1119843047

More Books

Students also viewed these Mathematics questions