Another member of Jean-Pierre’s staff has presented an alternative formulation of New France’s…

Another member of Jean-Pierre’s staff has presented an alternative formulation of New France’s…
Another member of Jean-Pierre’s staff has presented an alternative formulation of New France’s planning problem as described in Exercise 3, which involves only three variables. This formulation is as follows:  Y1 = Total steel production,  Y2 = Total machinery production,  Y3 = Total truck production Maximize z = 900(Y1 − 0.75Y2 − Y3) − 300Y1 + 2500(Y2 − 0.05Y1 − 0.10Y3) −150Y2 + 3000(Y3 − 0.80Y1 − 0.12Y2) − 500Y subject to: Y1 ≤ 300,000,  Y2 ≤ 50,000,  Y3 ≤ 550,000,  0.5Y1 + 5Y2 + 3Y3 ≤ 1,200,000,                              Y1, Y2, Y3 ≥ 0. a) Is this formulation equivalent to the one presented in Fig. of Exercise 3? How would the optimal solution here compare with that found in Fig.?  b) If we had the optimal solution to this formulation in terms of total production, how would we find the optimal exports of each product?  c) What assumption does this formulation make about the quantities and prices of products that can be exported and imported?  d) New France is considering the production of automobiles. It will take 0.5 units of steel, 0.05 units of machinery, and 2.0 man-years to produce one unit of automobiles. Imported materials for this unit will cost $250 and the finished product will sell on world markets at a price of $2000. Each automobile produced will use up .75 units of the country’s limited truck capacity. How would you alter this formulation to take the production of automobiles into account? Apr 24 2022 07:41 AM

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more
Open chat
You can contact our live agent via WhatsApp! Via + 1 (409) 205-8984

Feel free to ask questions, clarifications, or discounts available when placing an order.

Order your essay today and save 30% with the discount code GURUH