Observe any government department or service process that consumes limited resources and/or has multiple restricts, and explain what are artificial variables and why do we need them? Also using suitable example discuss how artificial variables differ from slack and surplus variables?
Obtain an initial basic feasible solution to the following transportation problem using the Vogel’s Approximation Method.
WAREHOUSE
STORES
AVAILABILITY
I
II
III
IV
A
7
3
5
5
34
B
5
5
7
6
15
C
8
6
6
5
12
D
6
1
6
4
19
DEMAND
21
25
17
17
80
A processor of frozen fruits has to decide which crop to cultivate in which geographical area. There are two strategies available: to plant apples and to plant pomegranates. There are three possibilities of weather: perfect weather, variable weather, and bad weather. The probability of perfect weather is 0.25, that of variable weather is 0.50 and that of bad weather is 0.25. The outputs of the two crops, measured in dollars, under the different conditions, are known. The utility of the firm is to be measured by the dollar amounts as shown in the following payoff table.
ACTIONS
EVENTS
PERFECT WEATHER
VARIABLE WEATHER
BAD WEATHER
CULTIVATE APPLES
40000
30000
20000
CULTIVATE POMEGRANATES
70000
20000
0
a) Prepare the expected payoff table.
b) What action should the processor select?
We at Case Study offer all types of online academic assistance, be it homework help, coursework help, case study help, Assignment help, Project Reports, Thesis, Research paper writing help.
And for each service, each subject and each topic, we dedicate an expert writer who has knowledge in that specific field of study. Experience impeccable academic writing service like never before.
Our experts understand that the time of the customers is very precious. The professors of universities and colleges are very rigorous about the submission deadlines of projects or assignments. Hence, the key objective of our case study help service is to deliver the assignments to the customers even before the promised submission deadlines.
