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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.
Write a Matlab function MyIVP that solves an initial-value problem (IVP) for a system of ordinary differential equations (ODEs) of the form x ?(t) = f (t, x(t)), where f : R × Rn ?
Euler Equations - Series Solutions to Differential Equations In this section we require to look for solutions to, ax 2 y′′ + bxy′ + cy = 0 around x0 = 0. These ki
Minimum and Maximum Values : Several applications in this chapter will revolve around minimum & maximum values of a function. Whereas we can all visualize the minimum & maximum v
how to do them?
calculate the vector LM given l(4,3),m(-1,2)
Scalar Multiplication - Vector arithmetic Another arithmetic operation that we wish to look at is scalar multiplication. Specified the vector a → = (a 1 , a 2 , a 3 ) and any
Q. Determine the probability of tossing a head? Let B represent the event of tossing a heads with the nickel in example 2. Find P(B). Solution: S = {(H, H), (H, T), (T, H
450 students. if there are 50 more boys than girls, how many boys and girls are there?
The median Merits i. This shows the centre of a described set of data ii. Knowledge of the determination of the median may be extended to find out the quartiles i
Players and spectators enter a ballpark according to independent Poisson processes having respective rates 5 and 20 per hour. Starting at an arbitrary time, compute the probability
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