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Snowcat [4.5K]
3 years ago
6

Optimization in Daily Life: Think about your favorite activity, hobbies or any kind of activity from your daily life. Find a pro

blem which can be modeled with optimization. Now, think about the formulation steps for this activity using optimization and answer the formulation step questions below. (Note that you do not need to write a mathematical model.)
1. What is the decision to make?
2. What is the objective criterion?
3. What are the constraints for the decision?
Business
1 answer:
Serggg [28]3 years ago
3 0

Answer:

I like to go to learn driving everyday. I love driving car and go to mountains. I have a dream to have my own car and then go for long drives near the sea coast.

Explanation:

1. The decision to make is to buy a car to fulfill the hobby.

2. The main objective is to enjoy the favorite activity and pleased by the beauty of mountains and sea.

3. The main constraints are financial constraint. Money is required to buy a car and then fulfill the dream.

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Companies racing against rivals for global market leadership often form strategic alliances in order to
PIT_PIT [208]

Companies racing against rivals for global market leadership often form strategic alliances in order to get into the critical country markets quicker than competition. When a company partners with another country or "wins" getting access into another country, they are able to get their product dispersed and have a larger audience. Companies are always competing against their rivals for market share in their current market economy and abroad.

7 0
3 years ago
If the nominal interest rate per year is 10% and the inflation rate is 4%, the real rate of interest is closest to
Llana [10]

Answer:

Real interest rate= 0.06 = 6%

Explanation:

Giving the following information:

Nominal interest rate= 10%

Inflation rate= 4%

The real interest rate is the result of deducting from the nominal interest rate the inflation rate. I<u>nflation has the opposite effect than the interest rate on the value of money through time.</u>

Real interest rate= nominal interest rate - inflation rate

Real interest rate= 0.10 - 0.04

Real interest rate= 0.06

7 0
3 years ago
Say Mary would like to create a scholarship for $2,500 per year at ECU in her family's name. If the money market rate where the
Furkat [3]

Answer:

the amount that she have to donate is $166,666.70

Explanation:

The computation of the amount that she have to donate is shown below:

Donation amount is

= Annual scholarship ÷ (interest rate - inflation rate)

= $2,500 ÷ (5.5% - 4.0%)

= $2,500 ÷ 1.5%

= $166,666.70

hence, the amount that she have to donate is $166,666.70

We simply applied the above formula so that the correct value could come

And, the same is to be considered

4 0
3 years ago
Suppose romaine lettuce is a normal good. Suppose further incomes in the economy are rising. Everything else held constant, this
LekaFEV [45]

Answer:

Demand for

Increase

Explanation:

A normal good is a good whose demand increases when income rises and whose demand falls when income falls.

So if income is rising, the demand for the lettuce should increase.

I hope my answer helps you

5 0
3 years ago
In a economy, it is harder to find sponsors willing to pay for premium sponsorship opportunities
Papessa [141]

Answer:

the correct answer is a) Fast

Explanation:

can you guess to reason behind it? it's simple. mainly because people value their money are mostly risk aversive. this means they tend not to take risks and avoid them.

although an opportunity to make more money, more profits, more publicity seems lucrative at first, all of these premium opportunities carries an unavoidable risk with them and there is a chance that the opportunity might not turn out to be as we expect it.

so it is because of this it is difficult to raise funds fast!

6 0
3 years ago
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