Question
A university plans to build a new computer lab for its students for data analysis andsimulation modelling. It has determined the number of computers needed
A university plans to build a new computer lab for its students for data analysis andsimulation modelling. It has determined the number of computers needed each monthforthe next 12months based on thestudent enrollment, as givenin Table 1.
Table1:Numberofcomputers needed
Month | 1 | 2 | 3 | 4 | 5 | 6 |
Requirements | 60 | 60 | 60 | 80 | 80 | 20 |
Month | 7 | 8 | 9 | 10 | 11 | 12 |
Requirements | 20 | 60 | 70 | 70 | 80 | 80 |
Theuniversityiswonderingwhethertorentthecomputersorbuynewcomputers.
Computers canberentedforaperiodofone,two,orthreemonths. Table2showsthe costofrenting.
Table2:Costofrenting
Durationofrent | Cost |
1 | $250 |
2 | $450 |
3 | $650 |
Theuniversitydoesnothaveanycomputersatthe startoftheyear.
Question1a
Apply linear programming (LP) to formulate the problem to determine the number ofcomputerstheuniversityshouldrenteachmonthandforhowlong,sothatthetotalcostofrentingis minimum.
Question1b
SolvetheLPmodel inQuestion 1abydeveloping aspreadsheet model.
How many computers should the university rent each month and for how long? Whatistheoptimal cost of renting?
You can assume that fractional rental is possible. Present your solutions by roundingupordown the number.
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