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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.
A small airplane used 5and2over3 gallons of fuel to fly a 2 hour trip.how many gallons were used each hour
MAXIMAX method Maximax method is based upon 'extreme optimism' the decision maker chooses that particular strategy which corresponds to the maximum of the maximum pay off for e
examples of plane figures
ABC is a right triangle right-angled at C and AC=√3 BC. Prove that ∠ABC=60 o . Ans: Tan B = AC/BC Tan B = √3 BC/BC Tan B =√3 ⇒ Tan B = Tan 60 ⇒ B = 60
project
Raghav buys a shop for Rs.1,20,000.He pays half the balance of the amount in cash and agrees to pay the balance in 12 annual instalments of Rs.5000 each. If the rate of interest is
3 2/3 - 1/6
Assume Jim had executed 15 "Splits" before his last split of 20 seconds. If his eventual time in the road race is 4:05, what was the average time for one of his earlier splits?
2(x+3x)+(x+3x)
how to round off numbers to the nearest tens and to the nearest hundred
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