Answered Essay: You just won the lottery and you want to celebrate it with your friends. You decid

2. (30 points) You just won the lottery and you want to celebrate it with your friends. You decide to invest $1,300,000 in a party: $1,000,000 for renting a fancy place and S300,000 for supplies. The objective of the event is to have fun! To measure this you will use a happiness function that depends on 7 variables (xi) · x1 is the number of people in the party; · X2 is the duration of the party in hours; * x3 the liters of beer (with unit cost of c3); · X4 the liters of other drinks (with unit cost of c.) . x5 the liters of soda (with unit cost of cs) · As the number of confetti bags (with a cost per bag of · x, is the cost of the decoration. and The happiness function is measured in units of happiness: f. You did some research and reached the following conclusions: .For every 50 people invited 15 people are happy (i.e., 15f are produced) For every hour of the party 100 people are happy .Each liter of beer makes 2 people happy . Each liter of the other drinks makes 4 people happy . Each liter of soda makes 1 person happy . Each bag of confetti makes 1 person happy For every $10,000 spent in decoration 15 people are happy In addition this information you know that you will have to spend more than $80,000 in decoration. The fixed cost of renting a fancy place is S100,000 and increases $150,000 for each hour of rent with a maximum of 8 hours. The place has a storage capacity for cold drin Moreover, for safety reasons the average alcohol percentage cannot be larger than 20% beer has 5。 and other drinks have 35°. Finally, the maximum number of people in the fancy place you are renting is 800 ks for up to 800 liters. a) (20 points) Model this problem using mathematical optimization b) (5 points) solve this problem using MS Excel c) (5 points) Solve this problem using AMPL

You just won the lottery and you want to celebrate it with your friends. You decide to invest $1,300,000 in a party: $1,000,000 for renting a fancy place and $300,000 for supplies. The objective of the event is to have fun! To measure this you will use a “happiness function” that depends on 7 variables (x_i): x_1 is the number of people in the party: x_2 is the duration of the party in hours: x_3 the liters of beer (with unit cost of c_3): x_4 the liters of other drinks (with unit cost of c_4) x_5 the liters of soda (with unit cost of c_5) x_6 the number of confetti bags (with a cost per bag of c_6), and x_7 is the cost of the decoration. The happiness function is measured in “units of happiness: f”. You did some research and reached the following conclusions: For every 50 people invited 15 people are happy (i.e., 15f are produced) For every hour of the party 100 people are happy Each liter of beer makes 2 people happy Each liter of the other drinks makes 4 people happy Each liter of soda makes 1 person happy Each bag of confetti makes 1 person happy For every $10,000 spent in decoration 15 people are happy In addition this information you know that you will have to spend more than $80,000 in decoration. The fixed cost of renting a fancy place is $100,000 and increases $150,000 for each hour of rent with a maximum of 8 hours. The place has a storage capacity for cold drinks for up to 800 liters. Moreover, for safety reasons the average alcohol percentage cannot be larger than 20 degree: beer has 5 degree and other drinks have 35 degree. Finally, the maximum number of people in the fancy place you are renting is 800. a) Model this problem using mathematical optimization b) solve this problem using MS Excel c) Solve this problem using AMPL

Expert Answer

 

Buy Essay
Calculate your paper price
Pages (550 words)
Approximate price: -

Help Me Write My Essay - Reasons:

Best Online Essay Writing Service

We strive to give our customers the best online essay writing experience. We Make sure essays are submitted on time and all the instructions are followed.

Our Writers are Experienced and Professional

Our essay writing service is founded on professional writers who are on stand by to help you any time.

Free Revision Fo all Essays

Sometimes you may require our writers to add on a point to make your essay as customised as possible, we will give you unlimited times to do this. And we will do it for free.

Timely Essay(s)

We understand the frustrations that comes with late essays and our writers are extra careful to not violate this term. Our support team is always engauging our writers to help you have your essay ahead of time.

Customised Essays &100% Confidential

Our Online writing Service has zero torelance for plagiarised papers. We have plagiarism checking tool that generate plagiarism reports just to make sure you are satisfied.

24/7 Customer Support

Our agents are ready to help you around the clock. Please feel free to reach out and enquire about anything.

Try it now!

Calculate the price of your order

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

HOW OUR ONLINE ESSAY WRITING SERVICE WORKS

Let us write that nagging essay.

STEP 1

Submit Your Essay/Homework Instructions

By clicking on the "PLACE ORDER" button, tell us your requires. Be precise for an accurate customised essay. You may also upload any reading materials where applicable.

STEP 2

Pick A & Writer

Our ordering form will provide you with a list of writers and their feedbacks. At step 2, its time select a writer. Our online agents are on stand by to help you just in case.

STEP 3

Editing (OUR PART)

At this stage, our editor will go through your essay and make sure your writer did meet all the instructions.

STEP 4

Receive your Paper

After Editing, your paper will be sent to you via email.