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Question: Consider the following inventory problem. You are running a store that sells trucks. Letdidenote the number of trucks you expect to sell in monthi, i = 1, ... , n.Your store can only storeStrucks and it costsCto store a single truck a month. You receive trucks by placing orders, there is a fixed ordering feeKeach time each time you place an order. The shipment of an order arrives at the beginning the month. You start with no trucks at the beginning. The problem is to design an efficient algorithm that decides how to place orders so that you satisfy all the demands {di} and minimize the total costs.Answer this question in order of
(1) problem input/output description (writing [10]),
(2) solution recurrence and algorithm design (writing [15]),
(3) algorithm analysis (writing [5]).
There is a dollar on the table, which each player can try to grab. If only one player grabs, G, and the other does not, D, the player who grabs gets the dollar and his payoff is 1, while the other player's payoff is 0.
Illustrate what relationship must hold between x and p so that A second order stochastically dominates B.
How will the money supply be affected by this transaction ? what is the ultimate change in deposits, loans, and reserves in the banking system? Explain in detail.
Two instructors announced that they "grade on the curve," that is, give a fixed percentage of each of the various letter grades to each of their classes. If a random student came to you and said that his object was to enroll in the class in which he ..
If you could, how would you alter the way that GDP is defined and measured in the US? Make one recommendation. Explain what the current practice is, how you would change it, and why your proposed change would be an improvement.
The demand for cars in Home is q = 30 – P and the supply of cars in Home is q = P. The demand for cars in Foreign is q = 10 – P and the supply of cars in Foreign is q = P. Calculate the autarky equilibrium price and quantity in each country. Who is t..
Explain why, even though free trade may be good for the economy, we still have trade barriers (tariffs, quotas, regulations, subsidies, etc.) Relate your answer to the Stolper-Samuelson theory and the concept of “specific factors.”
Suppose the MWTP in periods 1 (now) and 2 (one year from now) is given by P = 8-0.4q. Marginal extraction cost = $2. r = 10%. The available supply is 20 units. Suppose 13 units are consumed in period 1 and 7 units in period 2. Calculate the present v..
A famer develops and patents a new method for growing corn that decreases the cost of growing corn by $300 per acre. thereby increasing his profits from growing corn. According to ____principle. The farm argues that he should keep the entire $300 per..
describe the amount of output produced by Stone Company. How much profit will Stone Company make when it acts as a monopolist.
Suppose that the required reserve ratio is 10% and banks have no excess reserves. The total demand deposit in the system is $100,000. Now the monetary authorities lower the required reserve ratio to 5%. Which of the following will likely follow? Expa..
Explain the viewpoints of classical and Keynesian economists. How did the economy that existed at the time of these theories influence them? Which theory is more appropriate for the economy today? Why?
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