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Coursera Module 4

The document outlines various optimization problems involving revenue maximization and cost minimization across different scenarios, including clothing production, advertising, and investment portfolios. It includes decision variables, objectives, and constraints for each scenario, detailing the resources and limits involved. The overall goal is to maximize profits while adhering to specified constraints in labor, materials, and budgets.

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192khanalam173
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© © All Rights Reserved
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0% found this document useful (0 votes)
2 views

Coursera Module 4

The document outlines various optimization problems involving revenue maximization and cost minimization across different scenarios, including clothing production, advertising, and investment portfolios. It includes decision variables, objectives, and constraints for each scenario, detailing the resources and limits involved. The overall goal is to maximize profits while adhering to specified constraints in labor, materials, and budgets.

Uploaded by

192khanalam173
Copyright
© © All Rights Reserved
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Objective fu

Revenue: Trousers $ 175


Jacket $ 295 Maximise: 175t + 295j

Constraints
wool 14 sq m i. 2.25t + 3.75j < = 14
silk 12 sq m ii. 2.00t + 3.25j < = 12
Decision variables: iii. t>=0
Trousers: wool: 2.25 sq m iv. j>= 0
silk 2 sq m
Jacket wool: 3.75 sq m
silk 3.25 sq m
There must be three things:
Variables, Objectives and Constraint table
Variables are sth that are changed to get objectives, so they are green.
LHS are sth that has formula.
Variables: No. of radio ads No. of tv ads
174.999999987835 10
3000 7000

Objectives (max) 595,000

Constraint Table: radio tv LHS Sign RHS


Budget: 200 500 40000 <= 40000
radio>=10 1 0 175 >= 10
tv>=10 0 1 10 >= 10
radio > = tv 1 -1 165 >= 0
Variables: Q1 Q2 Totals
300 4000 4300
1 0 300
0 1 4000

Objective
Profit (max)

Constraint table: q1 q2 LHS Sign RHS


Budget:
Total NPV
9293 Used 2460 2684 2742 876 895
<= <= <= <= <=
Available 2500 2800 2900 900 900
Do IT? NPV Cost Y1 Cost Y2 Cost Y3 Labor Y1 Labor Y2
0P 1 928 398 180 368 111 108
1P 2 908 151 269 248 139 86
1P 3 801 129 189 308 56 61
0P 4 543 275 218 220 54 70
0P 5 944 291 252 228 123 141
1P 6 848 80 283 285 119 84
1P 7 545 203 220 77 54 44
1P 8 808 150 113 143 67 101
1P 9 638 282 141 160 37 55
0 P 10 841 214 254 355 130 72
0 P 11 664 224 271 130 51 79
0 P 12 546 225 150 33 35 107
0 P 13 699 101 218 272 43 90
0 P 14 599 255 202 70 3 75
1 P 15 903 228 351 240 60 93
1 P 16 859 303 173 431 60 90
1 P 17 748 133 427 220 59 40
1 P 18 668 197 98 214 95 96
1 P 19 888 313 278 291 66 75
1 P 20 655 152 211 134 85 59

Variables: Cost Y1 Cost Y2 Cost Y3 Labor Y1 Labor Y2 Labor Y3


2321 2753 2751 897 884 670

Objectives: 9269

Constraint Table: LHS Sign


Budget: Cost Y1 2321 <=
Cost Y2 2753 <=
Cost Y3 2751 <=
Labor Y1 897 <=
Labor Y2 884 <=
Labor Y3 670 <=
1
1
1
1
1
1
1
1
1
1
1
1
0
0
0
0
0
0
0
0
702
<=
900
Labor Y3
123
83
23
59
70
37
42
43
64
62
58
63
71
83
80
41
39
74
74
70

RHS
2500
2800
2900
900
900
900
x y
Variables, qun sold 0 80 < ---dummy values 30 60
Profit per unit 3 6
0 480 480
Objective(max)
Profit 480

Constraints x y LHS Sign RHS


2 1 80 <= 120
2 3 240 <= 240
Variables: Benches Tables Benches 4 DLH
260 35 9 ft
Treak woo 3600 ft
Carpenters 4 6 Tables 6 DLH
36 ft
Treak 9 36 Profit Benches 12
tables 20

Objectives: (Max) 12 20 Labor forc Carpenters 1250 DLH


Profit 3820
Constraints Table Benches Tables LHS Sign RHS
treak 9 36 3600 <= 3600
carpenter 4 6 1250 <= 1250
Basic Xp
Variables: (units) 560 1200

DL cost per unit in $ - Assembly 11 11


DL cost Per unit in $ - Testing 15 15
Revenue:
Selling Price per unit 300 450
Total Revenue $ 168,000 $ 540,000 $ 708,000
Costs:
Material Cost 150 225 $ 354,000
Labor Cost:
Assembly - DLH 5 6 $ 110,000
Testing - DLH 1 2 $ 44,400
Total Labor Cost $ 39,200 $ 115,200 $ 154,400

Objective (max)
Profit $ 44,800 $ 154,800 $ 199,600

constraints table: Basic XP LHS Sign RHS


atmost quantity of Basic 1 560 <= 600
atmost quantity of XP 0 1 1200 <= 1200
Labor: Assembly 5 6 10000 <= 10000
Labor: Testing 1 2 2960 <= 3000
Variables: M Bonds Thompson United Palmer HDN
$ 50000 0 0 175000 25000 <--- Dummy numbers here
5.30% 6.80% 4.90% 8.40% 11.80%

Objective:
Return (Max) 20300

Constraint table M Bonds Thompson United Palmer HDN LHS Sign RHS
Budget 1 1 1 1 1 250000 <= 250000
Municipal bonds 1 0 0 0 0 50000 >= 50000
tech stocks 0 1 1 1 0 175000 >= 100000
high risk HDN 0 0 0 0 1 25000 <= 25000
Max Investment 250000 100%
Municipal bonds 20% >=
Tech stocksbonds
Municipal 40% >=
high risk 50% or less of Mu<= of 20%
50%

LA Mu Bond 5.3
Thompson Inc 6.8
United Co 4.9
Palmer Tech 8.4
HDN stock 11.8
T+U+P>=40%

250000 250000 250000 250000 250000

1
Diet req Oat (units per Grain(unit Mineral
Oat grain Mineral (Ingredients) lb) s/lb) (units/lb)
Variables A 3 4 2
0.25 4.5 0 B 0.5 1 1
cost 0.09 0.12 0.18 C 4 2 6
D 1 1.5 2
E 0.5 1.5 0.5
cost/lb $ 0.09 0.12 0.18

at most 6 lb of feed per day per horse

objectives:
cost min 0.5625

constraintsOat grain Mineral LHS sign Rhs


A 3 4 2 18.75 >= 5 units
B 0.5 1 1 4.625 >= 2 units
C 4 2 6 10 >= 10 units
D 1 1.5 2 7 >= 7 units
E 0.5 1.5 0.5 6.875 >= 6 units
atmost 1 1 1 4.75 <= 6 lb
Min daily
req
(Units)
5
2
10
7
6
Distance to Distance to Distance to No. of
Sector KHS(B) DHS(C) MHS(E) Students
A 5 8 6 700
B 0 4 12 500
C 4 0 7 100
D 7 2 5 800
E 12 7 0 400
2500

No of A No of A No of A No of B No of B No of B No of C
student to KHS student to DHS student to student to student to student to student to
B C MHS E KHS B DHS C MHS E KHS B
Variables AB AC AE BB BC BE CB
400 0 300 500 0 0 0
5 8 6 0 4 12 4

Objective 5400
min

RESTRICTIONS AB AC AE BB BC BE CB
atmost 900 in B 1 1 1
atmost 900 in C 1 1
atmost 900 in E 1 1
assigned 700 of A 1 1 1
assigned 500 of B 1 1 1
assigned 100 of C 1
assigned 800 of D
assigned 400 of E
D E

No of C No of C No of D No of D No of D No of E No of E No of E
student to student to student to student to student to student to student to student to
DHS C MHS E KHS B DHS C MHS E KHS B DHS C MHS E
CC CE DB DC DE EB EC EE
100 0 0 800 0 0 0 400
0 7 7 2 5 12 7 0

CC CE DB DC DE EB EC EE LHS sign
1 1 900 <=
1 1 1 900 <=
1 1 1 700 <=
700 =
500 =
1 1 100 =
1 1 1 800 =
1 1 1 400 =
RHS
900
900
900
700
500
100
800
400
1 2 3 4 5
No. of Drivers/years 60 70 50 65 75
Hiring cost $ 4000
Firing cost $ 2000
Salary $ 10000 50
50 drivers are already in year 1 50
Variables Hiring years Firing Yea
Year 1 2 3 4 5 1
No of Hiring /No of Firing 10 10 0 15 10 0
Hiring Firing cost 4000 4000 4000 4000 4000 2000
Annual Salary 10000 10000 10000 10000 10000 10000

Objective
Cost - Minimize 3,420,000

Constraint table 1 2 3 4 5 1
1 -1
1
1
1
1
Firing Years
2 3 4 5 1 2 3 4
0 20 0 0 1 1 1 1
2000 2000 2000 2000 50 60 70 50 65
10000 10000 10000 10000 4000 4000 4000 4000

220,000 40,000 40,000 40,000 60,000


220,000 40000 40000 40000 60000
3,200,000 600,000 700,000 500,000 650,000

50
2 3 4 5 LHS sign RHS
60 = 60
-1 70 = 70
-1 50 = 50
-1 65 = 65
-1 75 = 75
5 1 2 3 4 5
1 1 1 1 1 1
75 60 70 50 65 75
4000 2000 2000 2000 2000 2000

40,000
40000
750,000
10000 10000 10000 10000 10000
Drivers req / year 50 60 70 50 65 75
year0 year1 year2 year3
Variables Hire Fire Hire Fire Hire Fire
10 0 10 0 0 20

4000 2000 4000 2000 4000 2000

Salary 10000
Objective min:
Hire/Fire Cost 220,000 40,000 40,000 40,000 60,000 40,000
Salary cost 3,200,000
Total Cost 3,420,000

Constraints year1 year2 year3


Year1 1 -1
Year2 1 -1
Year3 1 -1
Year4
Year5
year4 year5
Hire Fire Hire Fire
15 0 10 0

4000 2000 4000 2000

year4 year5 LHS sign RHS


60 = 60
70 = 70
50 = 50
1 -1 65 = 65
1 -1 75 = 75
Coccer Balls Basket Balls
Mtime Hour 1.5 3
DL Hour 3 1
Profit 20 10
Machine Hour 42
DLH 24

Variables soccer Balls Basket Balls


4 12
Profit 20 10
MH 1.5 3
LH 3 1

Profit 200

Constranints LHS sign RHS


1 1 42 <= 42
1 1 24 <= 24

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