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  • BSP 340 Homework # 1 February 14, 2022 REMINDER: QUIZ 1 IS ON 21/2/2022 (21:00 Hrs On Edmodo)

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    This document provides instructions for homework assignment 1 that is due on February 14, 2022. It includes 5 questions involving linear programming models. Students are reminded that quiz 1 will take place on February 21 at 9:00 pm on Edmodo. The questions involve developing models to determine optimal solutions for scheduling ice cream purchases from suppliers, allocating shelf space for cereal types, allocating an investment fund between two investment types, and allocating an advertising budget between radio and TV.

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    BSP 340 Homework 1 2022

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    This document provides instructions for homework assignment 1 that is due on February 14, 2022. It includes 5 questions involving linear programming models. Students are reminded that quiz 1 will take place on February 21 at 9:00 pm on Edmodo. The questions involve developing models to determine optimal solutions for scheduling ice cream purchases from suppliers, allocating shelf space for cereal types, allocating an investment fund between two investment types, and allocating an advertising budget between radio and TV.

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    45 views3 pages

    BSP 340 Homework # 1 February 14, 2022 REMINDER: QUIZ 1 IS ON 21/2/2022 (21:00 Hrs On Edmodo)

    Uploaded by

    oscar
    This document provides instructions for homework assignment 1 that is due on February 14, 2022. It includes 5 questions involving linear programming models. Students are reminded that quiz 1 will take place on February 21 at 9:00 pm on Edmodo. The questions involve developing models to determine optimal solutions for scheduling ice cream purchases from suppliers, allocating shelf space for cereal types, allocating an investment fund between two investment types, and allocating an advertising budget between radio and TV.

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    BSP 340

    Homework # 1
    February 14, 2022
    REMINDER: QUIZ 1 IS ON 21/2/2022 (21:00 hrs on Edmodo)

    1. Consider the following linear program (LP):


     
    Minimize Z = 3x1 + 2x2
    subject to
    (1) x1 + 2x2 ≤ 12
    (2) 2x1 + 3x2 = 12
    (3) 2x1 + x2 ≥8
    and x1 ≥ 0, x2 ≥ 0.
     
    a. Plot the feasible region.
    b. Determine all corner point feasible (CPF) solutions.
    c. Determine all optimal solutions.
    d. If Constraint (1) changed from x1 + 2x2 ≤ 12 to x1 + 2x2 ≥ 12, what is the optimal
    solution?
    (Note: Draw the graph manually and use POM for Windows to draw the graph)

    2. The demand for ice cream during the three summer months (June, July, and August) at All-
    Flavors Parlor is estimated at 500,600, and 400 20-gallon cartons, respectively. Two
    wholesalers, 1 and 2, supply All-Flavors with its ice cream. Although the flavors from the
    either supplier can provide is 400 per month. Also, the price the two suppliers charge change
    from one month to the next according to the following schedule:

    Price per carton in month


    June July August
    Supplier 1 $100 $110 $120
    Supplier 2 $115 $108 $125

    To take advantage of price fluctuation, All-Flavors can purchase more than is needed for a
    month and store the surplus to satisfy the demand in a later month. The cost of refrigerating
    an ice-cream carton is $5 per month. It is realistic in the present situation on hand during the
    month. Develop a model to determine the optimum schedule for buying ice cream from the
    two suppliers.

    1
    3. A grocery store must decide on the shelf space to be allocated to each of five types of
    breakfast cereals. The maximum daily demand is 100, 85,140, 80 and 90 boxes, respectively.
    The shelf space in square inches for the respective boxes is 16, 24, 18, 22, and 20. The total
    available shelf space is 5000 in 2. The profit per unit is $1.10, $1.30, $1.08, $1.25, and $1.20,
    respectively. Develop a model to determine the optimal space allocation for the five cereals.

    4. An individual wishes to invest $5000 over the next year in two types of investment:
    Investment. A yields 5% and investment B yields 8%. Market research recommends an
    allocation of at least 25% in A and at most 50% in B. Moreover, investment in A should be at
    least half the investment in B. Develop a model to determine the optimal allocation of the
    fund to the two investments?

    5. Show & Sell can advertise its products on local radio and television (TV). The advertising
    budget is limited to $10,000 a month. Each minute of radio advertising costs $15 and each
    minute of TV commercials $300. Show & Sell likes to advertise on radio at least twice as
    much as on TV. In the meantime, it is not practical to use more than 400 minutes of radio
    advertising a month. From past experience, advertising on TV is estimated to be 25 times as
    effective as on radio. Develop a model to determine the optimum allocation of the budget to
    radio and TV advertising.

    From the Taha Text:

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