Determine how maximum revenue with transportation model, Mathematics

Assignment Help:

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.

 


Related Discussions:- Determine how maximum revenue with transportation model

Simplifying rational expressions, I need to simple this rational expression...

I need to simple this rational expression, but I can''t figure out how. (x+1)/(x^2-2x-35)+(x^2+x-12)/(x^2-2x-24)(x^2-4x-12)/(x^2+2x-15)

Hyperboloid of two sheets - three dimensional spaces, Hyperboloid of Two Sh...

Hyperboloid of Two Sheets The equation which is given here is the equation of a hyperboloid of two sheets. - x 2 /a 2 - y 2 / b 2 + z 2 /c 2 = 1 Here is a diagram of

Define natural numbers, Q. Define natural numbers Ans. The natural...

Q. Define natural numbers Ans. The natural numbers (also called the counting numbers) are the numbers that you "naturally" use for counting: 1,2,3,4,... The set of n

Math, what is quantity ?

what is quantity ?

Numerical integration - simpson rule, (1)Derive, algebraically, the 2nd ord...

(1)Derive, algebraically, the 2nd order (Simpson's Rule) integration formula using 3 equally spaced sample points, f 0 ,f 1 ,f 2 with an increment of h. (2) Using software such

Tristansmath, how do i multiply demencinals

how do i multiply demencinals

Can u please tell me how to solve, a triangle with side lengths in the rati...

a triangle with side lengths in the ratio 3:4:5 is inscribed in a circle

Determine the size of the proposed repayments, Five years ago a business bo...

Five years ago a business borrowed $100,000 agreeing to repay the principal and all accumulated interest at 8% pa compounded quarterly, 8 years from the loan date. Two years after

Write Your Message!

Captcha
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