Determine how maximum revenue with transportation model, Mathematics

The government is auctioning off oil leases at two sites. At each site, 100,000 acres of land are to be auctioned. Cliff Ewing, Blake Barnes and Alexis Pickens are bidding for the oil. Government rules state that no bidder can receive more than 40% of the land being auctioned. Cliff has bid $1000 per acre for site 1 land and $2000 per acre for site 2 land. Blake has bid $900 per acre for site 1 land and $2200 per acre for site 2 land. Alexis has bid @1100 per acre for site 1 land and $1900 per acre for site land.

a)  Determine how to maximize the governments revenue with a transportation model.

b)  Use Solver Tab to see how changes in the government's rule on 40% of all land being auctioned affect the optimal revenue.

 

Posted Date: 3/25/2013 1:14:54 AM | Location : United States







Related Discussions:- Determine how maximum revenue with transportation model, Assignment Help, Ask Question on Determine how maximum revenue with transportation model, Get Answer, Expert's Help, Determine how maximum revenue with transportation model Discussions

Write discussion on Determine how maximum revenue with transportation model
Your posts are moderated
Related Questions
state tha different types of models used in operations research.

all basic knowledge related to geometry

Determine the general solution to 2t 2 y'' + ty' - 3y = 0 It given that y (t) = t -1 is a solution.  Solution Reduction of order needs that a solution already be iden

When I complete each of the three methods, should I get the same x and y values?

Express the product of -9p3r and the quantity 2p - 3r in simplified form. The translated expression would be -9p3r(2p - 3r). Noticed that the key word product means multiply.

Non Zero Sum Games Recently there was no satisfactory theory either to describe how people should play non-zero games or to explain how they actually play that game Nigel Ho

Whlie solving complex number 1pi in polar form.In book they have taken theta =-pi/4 why not 7pi/4 because the point lie in fourth quadrant and the theta is given by 2pi-angle(alpha

5 2 ----- - ----- x-1 x+1 -------------------- x 1 ----- + ----- x-1 x+1


How much greater is 0.0543 than 0.002? To ?nd out how much greater a number is, you required to subtract; 0.0543 - 0.002 = 0.0523. For subtract decimals and line the numbers up