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Question: A new automated production process avenges 1.5 breakdowns per day. Because of the cost associated with a breakdown, management is concerned about the possibility of having three or more breakdowns during a day. Assume that breakdowns occur randomly, that the probability of a breakdown is the same for any two time intervals of equal length. and that breakdowns in one period are independent of breakdowns in other periods. What is the probability of having three or more breakdowns during a day?
Formulate his decision problem of which bottle to select each year as an integer linear program. What is the special structure of the formulation? How can this structure help in solving the problem?
Formulate an LP problem to determine what blend of the four chemicals will allow Golding to minimize the cost of a 50 pound bag of the fertilizer. Solve using the computer LP approach.
What is the chi squared statistic for the given information?
Show that if spot and volatility are uncorrelated then the risk-neutral density of spot can be written as an integral over log-normal densities. How would you use Monte Carlo to estimate this density?
Sketch a phase diagram corresponding to each of these cases. Try to make some general statements about the structure of equilibrium as a function of the parameters.
Find the dollar weighted (simple interest) yield rate and the time weighted yield of the account for this year.
Formulate a linear program to maximize Video comp's productive capacity at the end of two years using eight planning periods of three months' duration each.
Formulate a linear programming model for this problem. Solve the model with Excel Solver. Interpret your solution. If you have the chance to buy additional land at the price of $50 per acre, would you prefer to do so? What if the price would be $70..
1. Why can't the PM use the organization's current information system for project monitoring and reporting? 2. What does it mean to say that project monitoring and control are on the opposite sides of project selection and planning?
Find the range of values of the parameter a for which the function f(x1, x2, x3) = 2x1x3 - x12 - x22 - 5x32 - 2ax1x2 - 4x2x3 is concave
Analyze the goodness of fit of each model M by computing the likelihood for each model, based on the predefined regression coefficients, b provided in INPUT.mat (also listed in Table 2 for each model in appendix, see more detail in appendix)
Need LP tutorial help involving optimization and the use of Solver. Solve the following modifications of the Tatham Capital Budgeting model (solve each part independently of the others)
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