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sleet_krkn [62]
3 years ago
7

There are 6 cities (1-6) in Araxi County. The county must determine where to build fire stations. The county wants to build the

minimum number of fire stations needed to ensure that at least one fire station is within 15 minutes (driving time) for each city. The times required to drive between the cities in Araxi County are shown in the following table. a. Define the decision variables to formulate an Integer Programming model that will tell Araxi County Fire Department how many fire stations should be built and where they should be located. b. Complete the table below. c. Using the table formulate an integer programming model for the problem. d. Solve the model in Excel using Solver. State the solution.

Business
1 answer:
nikdorinn [45]3 years ago
3 0

Answer:

a.

Look at the two attached figures please. The decision variables is the choice to build a fire station in which city.

So there are six decision variables each taking a value of either 0 or 1.

D1 = decision to build fire station in city 1, (1 denotes yes and 0 denotes no)

D2 = decision to build fire station in city 2, (1 denotes yes and 0 denotes no)

D3 = decision to build fire station in city 3, (1 denotes yes and 0 denotes no)

D4 = decision to build fire station in city 4, (1 denotes yes and 0 denotes no)

D5 = decision to build fire station in city 5, (1 denotes yes and 0 denotes no)

D6 = decision to build fire station in city 6, (1 denotes yes and 0 denotes no)

b.

Please look at attachment

C .

The figure 1 denotes the problem formulation in excel and shows all the formulas.

In first step, a matrix is prepared to denote all cities which are within 15 minutes by 1 and others by zero

A array of decision variables for selecting the city is shown. A 1 in cell implies that city is selected and 0 means the city is not selected.

A product of the selection variable and the value in the within 15 minutes matrix is calculated as shown by the formula.

The constraint is to ensure that all cities have at least one fire station mapped within 15 minutes.

d.

The problem is solved in Excel using integer programming and the solution is that City 2 and 4 should be selected for building fire stations and thus total no of fire stations are two with every city within 15 minutes.

Explanation:

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Peng Company is considering an investment expected to generate an average net income after taxes of $2,000 for three years. The
Sedbober [7]

Answer:

$-7033.54

Explanation:

Net present value is the present value of after-tax cash flows from an investment less the amount invested.  

NPV can be calculated using a financial calculator  

Cash flow = net income + deprecation

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

($45,300  - $7,500) / 3 = $12,600

Cash flow = $12,600 + $2000 = $14,600

Cash flow in year 0 = $-45,300

Cash flow in year 1 =  $14,600

Cash flow in year 2 =  $14,600

Cash flow in year 3 =  $14,600 + $7,500 = $22,100

I = 15%

NPV = $-7033.54

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

5 0
3 years ago
What is the present worth of these future payments? (a) $25,500 eight years from now at 12% com-pounded annually. (b) $58,000 tw
grin007 [14]

Answer:

a. PV        =  $10,299.02

b. PV        =  $36,226.63

c. PV        =   $14,797.46

d. PV        =   $24,794.88

Explanation:

To solve this question, we use present value formula

           PV          =  C/(1+r)^n

Where PV          = Present value of a lump sum

              C         = Future amount to be discounted

               r          = Interest rate

               n         = Number of years

             

a.            PV        =  C/(1+r)^n

               C         = $25,500

               r          = 12%

               n         =  8

             PV        = $25,500 /(1+12%)^8

             PV        = $25,500 /(1+0.12)^8

             PV        = $25,500 /(1.12)^8

             PV        = $25,500 /2.475963176

              PV        = $10,299.02231

              PV        = $10,299.02

b.            PV        = C/(1+r)^n

               C         = $58,000

               r          =  4%

               n         =  12

             PV        =  $58,000 /(1+4%)^12

             PV        =  $58,000 /(1+0.04)^12

             PV        =  $58,000 /(1.04)^12

             PV        =   $58,000 /1.601032219

              PV        =  $36,226.62888

              PV        =  $36,226.63

c.            PV        = C/(1+r)^n

               C         = $25,000

               r          =  6%

               n         =  9

             PV        =  $25,000 /(1+6%)^9

             PV        =  $25,000 /(1+0.06)^9

             PV        =  $25,000 /(1.06)^9

             PV        =  $25,000 /1.689478959

              PV        = $14,797.46159

              PV        = $14,797.46

c.            PV        = C/(1+r)^n

               C         = $35,000

               r          =  9%

               n         =  4

             PV        =  $35,000 /(1+9%)^4

             PV        =  $35,000 /(1+0.09)^4

             PV        =  $35,000 /(1.09)^4

             PV        =  $35,000 /1.41158161

              PV        = $24,794.88239

              PV        = $24,794.88

3 0
3 years ago
Rupesh wants to buy a new BMW priced at $54,000. He makes a down payment of 20% of the original price. He also trades-in his old
AlladinOne [14]

Answer:

The approximate payment at the end of every month will be $603.22.

Explanation:

Since the payment is going to be made at the end of every month, this can be calculated using the formula for calculating the present value of an ordinary annuity as follows:

PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV = Present value or the balance = Price of BMW - Down payment - Old car sales amount = $54,000 - ($54,000 * 20%) - $10,000 = $33,200

P = Monthly payment = ?

r = Monthly interest rate = Annual interest rate / 12 = 3.45% / 12 = 0.0345 /

12 = 0.002875

n = number of months = 60

Substitute the values into equation (1) and solve for P, we have:

$33,200 = P * ((1 - (1 / (1 + 0.002875))^60) / 0.002875)

$33,200 = P * 55.0377058660197

P = $33,200 / 55.0377058660197

P = $603.22

Therefore, the approximate payment at the end of every month will be $603.22.

5 0
3 years ago
A congress woman from a state with several ball-bearing factories explains that it is necessary to impose trade restrictions, su
torisob [31]

Answer:

C. Jobs argument

Explanation:

The job preservation argument is brought up by unions to look out for union jobs.

7 0
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If your lifestyle budget is $50,000 a year, selecting a career earning $75,000 will most likely allow you to meet your lifestyle
Aleks [24]
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