Find a current example of a linear optimization model used in your industry. Describe the industry's...

Find a current example of a linear optimization model used in your industry. Describe the industry's needs, including any unique factors, how the linear optimization model was used, and the problem or challenge it addressed. Would you suggest a different model be used? Why or why not? Support your response with rationale from the assigned readings.

Expert Solution

Rahul Sunny answered 1 year ago

Given the following linear optimization model, transform this model into the required form and solve using...

Given the following linear optimization model, transform this model into the required form and solve using Solver. Objective function: 8.2? + 7.0? + 6.5? + 9.0? = ??????? ???? Constraints: 6? + 2? + 5? + 7? ≥ 820 ?/? + ? + ? + ? ≥ 0.3 ? + ? ? + ? ≥ 0.2 ? ≥ ? + D Please Use Excel

describe each of the 4 market model characteristic by providing an example of an industry that...

describe each of the 4 market model characteristic by providing an example of an industry that might fit into each one.

Find a real economic or business example to support why a linear regression model is limited...

Find a real economic or business example to support why a linear regression model is limited in its power to project into the future. The example must support your position and include at least one graph using Microsoft Word’s chart feature. The graph should include: a. Labels on both axes b. A title c. A legend d. A caption listing the source of the data

1)Write down the optimization problem defining the lasso estimator in the context of a linear model...

1)Write down the optimization problem defining the lasso estimator in the context of a linear model 2) (continued) Do the degrees of freedom of the estimator increase or decrease as a function of tuning the parameter? Explain.

To find the optimal solution to a linear optimization problem, do you have to examine all...

To find the optimal solution to a linear optimization problem, do you have to examine all the points in the feasible region? Explain. Can a linear programming problem have no solution? More than one solution? Explain. ---------------------------------------------------------------------------------------------------------------- A beverage can manufacturer makes three sizes of soft drink cans—Small, Medium and Large. Production is limited by machine availability, with a combined maximum of 90 production hours per day, and the daily supply of metal, no more than 120 kg per day....

describe your current impression as to the responsibility of an accountant and the accounting industry in...

describe your current impression as to the responsibility of an accountant and the accounting industry in general.

Describe how simple linear regression analysis and multiple regression are used to support areas of industry...

Describe how simple linear regression analysis and multiple regression are used to support areas of industry research, academic research, and scientific research.

Consider the following linear optimization model. Z = 3x1+ 6x2+ 2x3 st 3x1 +4x2 + x3...

Consider the following linear optimization model. Z = 3x1+ 6x2+ 2x3 st 3x1 +4x2 + x3 ≤2 x1+ 3x2+ 2x3 ≤ 1 X1, x2, x3 ≥0 (10) Write the optimization problem in standard form with the consideration of slack variables. (30) Solve the problem using simplex tableau method. (10) State the optimal solution for all variables.

Explain why a typical linear regression model can’t be used for time series analysis and describe...

Explain why a typical linear regression model can’t be used for time series analysis and describe an example of a time series

Describe the difference between profit optimization and profit maximization by using an example of each of...

Describe the difference between profit optimization and profit maximization by using an example of each of those situations using actual firms.

Question