Tuesday, January 7, 2020
Operation Reaserch - 1313 Words
The Ploughman family farm owns and operates a 640-acre farm that has been in the family for several generations. The Ploughman always have had to work hard to make a decent living from the farm and have had to endure some occasional difficult years. Stories about earlier generations overcoming hardships due to droughts, floods, etc., are an important part of the family history. However, the Ploughmanîâ" ¸ enjoy their self-reliant lifestyle and gain considerable satisfaction from continuing the family tradition of successfully living off the land during an era when many family farms are being abandoned or taken over by large agricultural corporations. John Ploughman is the current manager of the farm while his wife Eunice runs the house andâ⬠¦show more contentâ⬠¦(b) Formulate this model. (c) Obtain an optimal solution and generate the additional output provided for post-optimality analysis (e.g., the Sensitivity Report). What does the model predict regarding the family monetary worth at the end of the coming year? (d) Find the allowable range to stay optimal for the net value per acre planted for each of the three crops. The above estimates of the net value per acre planted in each of the three crops assume good weather conditions. Adverse weather conditions would harm the crops and greatly reduce the resulting value. The scenarios particularly feared by the family are a drought, a flood, an early frost, both a drought and an early frost, and both a flood and an early frost. The estimated net values for the year under these scenarios are as follows: Net Value per Acre Planted Net Value per Acre Planted Net Value per Acre Planted Scenario Soybeans Corn Wheat Drought -$10 -$15 $0 Flood $15 $20 $10 Early frost $50 $40 $30 Drought and early frost -$15 -$20 -$10 Flood and early frost $10 $10 $5 (e) Find an optimal solution under each scenario after making the necessary adjustments to the linear programming model formulated in part (b). In each case, what is the prediction regarding the familyîâ" ¸ monetary worth at the end of the year? (f) For the optimal solution obtained under each of the six scenarios [including the good weather scenario considered in parts (a) and (d)], calculateShow MoreRelatedAugmented Reality : Reality Or Reality?1289 Words à |à 6 Pagestechnology starts with an idea. Now that we know what exactly Augmented Reality is, where did this extrordinary idea orginate from? 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Hence the government may intervene toRead MoreWhat Is the Rational of Planning for Development in Developing Countries1444 Words à |à 6 Pagespoverty and equitable distribution of resources. Market failures is one of the purposes behind planninning foe development in developing countries. Markets in less developing countries are permeated by imperfections of strucuture and operations. Commodity and factor markets are often badly organised and the existencw of distorted prices often means that are a poor reflection of the real costs of socuiety of th goods, services and resources. Hence the government may interveneRead MoreThe Understanding of Medicine of the Ancient Romans1364 Words à |à 5 Pagesspices are included in many teas used today as alternative treatments, or just used for day to day teas. Amongst one of those several herbs were Fennel. 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Some of the uses of untreatedRead MoreDifferent Design Elements And Principals For The 3 Websites Essay2240 Words à |à 9 Pagesfaster load up time. â⬠¢ Objective (why the site has been made, how long will it last for) are things that can be quantified, e.g. cost (as the website has been made from tables it will cost less to produce as less coding is required), production, operation, purpose, ergonomics, and physical conditions. â⬠¢ Talk about; purpose The Shotover Jets 2001 website was built to show the thrill and danger of the Jet boat experience as they are repeatedly outlining the excitement and adventure of their jet boatsRead MoreBusiness Plan For A Business1852 Words à |à 8 Pages650,000. Break even Analysis Cash flow projection Capital Expenditure Budget Projected profit loss for 12 months Supporting Evidence NPV calculation Relevant costing information is collected from Australian Government website and reaserch group publications. 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