Question

In: Statistics and Probability

1) Consider you work in a Convenience Store and you have 5¢, 10¢, 20¢, 25¢, and...

1) Consider you work in a Convenience Store and you have 5¢, 10¢, 20¢, 25¢, and 50¢ pieces in the cash register. You must give a customer 90¢ in change. Formulate an IP that can be used to minimize the number of coins needed to give the correct change and solve the problem using the branch-and-bound method. Use Excel Solver to solve the subproblems at each node of the branch-and-bound tree.

2)  Solve the following IP using branch-and-bound.For each subproblem, solve the LP-relaxation using the graphical method (show the feasible region, label new boundaries, the optimal solution, the iso-profit line through the optimal solution). Summarize your results in a branch-and-bound tree

Maximum Z= 6x1 +10x2

S.t:

x1 + 2x2<=14.5

2x1<=16

x2<=6

x1,x2=>0; Integer

If someone can explain their process along with answers that would be amazing.

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Expert Solution

orchestra answered 1 year ago
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