Statistics Homework Solutions
Problem
#11320

Optimization?

There are three manufacturing plants on the Schultz River:  1, 2, and 3.  Each factory emits two types of pollutants, P1 and P2, into the river.  If the waste from each factory is processed, the pollution in the river can be reduced.  It costs $15 to process one ton of Factory 1 waste, and each ton processed reduces the amount of P1 by .10 ton and the amount of P2 by .45 ton.  It costs $10 to process one ton of Factory 2 waste, and each ton processed reduces the amount of P1 by .20 ton and the amount of P2 by .25 ton.  It costs $20 to process one ton of Factory 3 waste, and each ton processed reduces the amount of P1 by .40 ton and the amount of P2 by .30 ton.  The state wants to reduce the amount of P1 in the river by at least 30 tons and the amount of P2 by at least 40 tons.  Determine how to minimize the cost of reducing pollutants to the desired amounts...

I am supposed to use one or more of the following techniques (and we are instructed to always use 95% confidence level, unless the problem states otherwise):

-Confidence intervals and hypothesis testing
-Decision trees (and their use in solving managerial problems),
-Critical fractile analysis (and its use in determining optimal demand levels),
-Analysis of variance/ANOVA (and its use in understanding differences between group means),
-Chi-square (cross tabs/contingency table) analysis (and its use in determining differences between group proportions),
-Regression, single and multiple (and its use in understanding relationships between dependent and independent (explanatory) variables), and
-Optimization modeling (and its use in determining the best solution given a set of constraint).

I do not know how to do this.  Help!!  Can you please explain what variables stand for if you do any equations?  I'm thinking Excel Solver here, and optimzation, but I don't know really....



Solution
What is this?
By OTA - Overall OTA Rating
Purchase Cost Now
$2.19 CAD (was ~$11.97)
Included in Download
  • Plain text response
  • Attached file(s):
    • Linear Program.xls
$2.19 Instant Download
Add to Cart
Why you can trust BrainMass.com
  • Your Information is Secure
  • Best Online Academic Help Service
  • Students find real academic Success
Related Solutions
  • optimization? - There are three manufacturing plants on Lake Chinquapin: 1, 2, and 3. Each factory emits two types of pollutants, P1 and P2, into the water. If the waste from each factory is processed, the polluti ...
  • Simulation Model - Simulation does not usually provide a recommended decision like an optimization model; it provides operating characteristics. suggestions. solutions. recommenda ...
  • Regression? Chi-Square? ANOVA? - A survey concerning national health care was conducted by a nonprofit thinktank. Based on the data in the attached Table, determine whether there are regional preferences for type of health care. Wh ...
  • Optimization Modeling: Use solver to help the farmer maximize the profit from his land. - A farmer in Iowa owns 45 acres of land. He is going to plant each acre with wheat or corn. Each acre planted with wheat yields $200 profit, requires 3 workers, and requires 2 tons of fertilizer; eac ...
  • confidence intervals? hypothesis testing? - A soda distributor claims that a new display, featuring Lebron James will increase product sales in supermarkets by an average of 50 cases in a week. For a random sample of twenty supermarkets, the a ...
Browse