Find the result of the objective function

Assignment Help Microeconomics
Reference no: EM13879748

Please Show process Using Solver Data Analysis so I can understand the process for each Each year a municipality hires a private bus company to transport (round back ) elementary students . The service manager must develop city a transportation plan to minimize the cost of  transportation. The annual cost of transportation It depends on the number of student - mile that the company transports (eg 20 students take two miles involves 40 students - mile is the same carry 8 Students 5 miles).

3 city schools can receive students from each point of the town, north (N ) , East ( E) , west (O ), and south ( S ) In the north live 240 children attending elementary school In the east , 120, in the west, 400, and in the south, 200. In one school may enroll no more than 360 students , the School 2 not more than 400 , and in school 3 , no more than 260. The following table shows the distance in miles between neighborhoods and schools :


N

E

W

S

School 1

2

3

1.4

3.2

School 2

3.2

2.4

2

2

School 3

3.6

1.4

3

2.2

1) - Set your objective function and restrictions to minimize costs in this case number of students - mile. Also identify their decision variables.

2) -Find the result of the objective function and the number of children in each neighborhood They are going to the 3 schools . Explain your results.

3) -¿Change 2) If now the ability of students from the School 2 is 500 and the School 3 is 180 ?

Do not forget to set the trivial restrictions (which means variables decision must be greater or equal to zero)

Reference no: EM13879748

Questions Cloud

What activity is a burst activity : Draw a project network from the following information. What activity(s) is a burst activity? What activity(s) is a merge activity
Market price of the common stock averaged : On December 31, 2012, Dow Steel Corporation had 600,000 shares of common stock and 300,000 shares of 8%, noncumulative, nonconvertible preferred stock issued and outstanding.
Difference between insider trading and a ponzi scheme : A classic example of acting unethically is Lehman or Enron's case. After their downfall, one would think employees would act ethically and companies would focus on promoting ethical practices in the workplace. What's the difference between insider ..
Diameter and initially at a uniform temperature : A long copper cylinder 0.6 m in diameter and initially at a uniform temperature of 38°C is placed in a water bath at 93°C. Assuming that the heat transfer coefficient between the copper and the water is 1248 W/(m2 K), calculate the time required t..
Find the result of the objective function : Find the result of the objective function and the number of children in each neighborhood They are going to the 3 schools . Explain your results.
Calculate net operating profit after taxes for the company : Calculate Net Operating Profit After Taxes for this company's Financial statements. Other operating income, net of other operating expense (nature).
Opinion regarding the future of large face-to-face meetings : With the advent of virtual meeting technologies, the expanding presence of social media and the continued budget pressures facing corporations, what is your opinion regarding the future of large face-to-face meetings
Determine the diameter of a suitable air main : Determine the diameter of a suitable air main for the distribution - Table of equivalent pipe lengths for valves and fittings as used on air distribution systems
What is the relevant refunding investment outlay? : What is the relevant refunding investment outlay?

Reviews

Write a Review

Microeconomics Questions & Answers

  Compute the short run total product

Compute the short run total product, average product of labor and marginal product of labor for all numbers of L between 0 and 7.

  How would you select the suiatble level of significance for

you are a data analyst with john and sons company. the company has a large number of manufacturing plants in the united

  Why is it difficult to contemplate an equilibrium in a case

Now suppose that all firms are revenue maximizers, taking prices as given, subject to a zero-profit constraint. Why is it difficult to contemplate an equilibrium in a case where there is free entry?

  What does marginal cost look like

Construct a numerical example to show that as marginal product (MP) rises, marginal cost (MC) falls. Explain your answer and use tables and graphs to illustrate.

  Evaluate the strategy that led to the merger or acquisition

Merged with another company, or been acquired by another company, evaluate the strategy that led to the merger or acquisition to determine whether or not this merger or acquisition was a wise choice. Justify your opinion.

  How many workers should ms smith hire

how many workers should Ms. Smith hire? (Ms. Smith should hire workers as long as their marginal revenue product (MRP) exceeds their marginal resource cost

  According to the interest parity condition

According to the interest parity condition, the domestic interest rate falls if the _____ rises, ceteris paribus.

  Custom limousines co custom buys cadillac escalades from

custom limousines co. custom buys cadillac escalades from general motors and converts them into limousines a process

  Theories of john maynard keynes

Determie what geopolitical events helped shape John Maynard Keynes theories and how did they shape the future of economic policy in the United States and other Western nations?

  Nash equilibrium

In a two-player game which of the following is a nash equilibrium

  Presume that a profit-maximizing monopolist

Presume that a profit-maximizing monopolist has a plant of the optimal size and is producing a level of output at which price is $30, average fixed cost is $40 and average total cost is $55.

  Explain what is meant by diminishing returns

Explain what is meant by diminishing returns. From these costs curves explain when diminishing return sets in? Why and explain the relationship between ATC, AVC and AFC.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd