Given the following conditional value table, determine the appropriate decision under uncertainty using: Optimization Technique Assignment, UPM, Malaysia

School

Universiti Putra Malaysia (UPM)

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Assignment Type

Individual Assignment

Subject

Optimization Technique Assignment

Uploaded by Malaysia Assignment Help

Date

08/02/2024

Question 1

Given the following conditional value table, determine the appropriate decision under uncertainty using:
a) Maximax
b) Maximin
c) Equally likely
conditional value table: Optimization Technique Assignment

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Question 2

Solve the following LP minimization problem graphically:
Minimize cost=24X+15Y
Subject to:
7X+11Y ≥77
16X+4Y ≥80
X and Y ≥0

Question 3

Find an initial solution to the following transportation problem.
Optimization Technique Assignment
a) Use the northwest-corner method. What is its total cost?
b) Use the intuitive lowest-cost approach. What is its total cost?
c) Using the stepping-stone method, find the optimal solution. Compute the total cost.

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