Q: In the original Grand Prix example, the total capacity of the
In the original Grand Prix example, the total capacity of the three plants is 1550, well above the total customer demand. Would it help to have 100 more units of capacity at plant 1? What is the most...
See AnswerQ: One possible solution method for the machine-to job assignment problem
One possible solution method for the machine-to job assignment problem is the following heuristic procedure. Assign the machine to job 1 that completes job 1 quickest. Then assign the machine to job 2...
See AnswerQ: Modify the machine-to-job assignment model under the assumption
Modify the machine-to-job assignment model under the assumption that only three of the four jobs must be completed. In other words, one of the four jobs does not have to be assigned to any machine. Wh...
See AnswerQ: In the machine-to-job assignment problem, the current
In the machine-to-job assignment problem, the current capacities of the machines are 1, 2, 1, 2, and 1. If you could increase one of these capacities by 1, which would you increase? Why?
See AnswerQ: Modify the bus route assignment model, assuming that company 1 decides
Modify the bus route assignment model, assuming that company 1 decides to place bids on routes 7 and 8 (in addition to its current bids on other routes). The bids on these two routes are $5200 and $33...
See AnswerQ: We modeled the bus route assignment problem with the alternative form of
We modeled the bus route assignment problem with the alternative form of the transportation model (as in Figure 5.8). Model it instead with the standard form. Discuss the pros and cons of these two ap...
See AnswerQ: A European call option on a stock earns the owner an amount
A European call option on a stock earns the owner an amount equal to the price at expiration minus the exercise price, if the price of the stock on which the call is written exceeds the exercise price...
See AnswerQ: In the optimal solution to the machine-to-job assignment
In the optimal solution to the machine-to-job assignment problem, jobs 1 and 2 are both assigned to machine 4. Suppose there is an extra restriction that jobs 1 and 2 must be assigned to different mac...
See AnswerQ: In the optimal solution to the machine-to-job assignment
In the optimal solution to the machine-to-job assignment problem, jobs 3 and 4 are assigned to different machines. Suppose there is an extra restriction that these jobs must be assigned to the same ma...
See AnswerQ: In the optimal solution to the bus route assignment problem, company
In the optimal solution to the bus route assignment problem, company 2 is assigned to bus routes 6 and 7. Suppose these two routes are far enough apart that it is infeasible for one company to service...
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