Question 1

Say a demand response curve is modelled as a constant elasticity curve. If Q1 is 2400 units, Q2 is 1500 units, P1 is Rs. 100 and P2 is Rs. 200, then what is the elasticity of the curve?\ *(Note: Enter the answer rounded to two decimal places. For example, if the answer is “1.234”, then enter* *it as “1.23”)* A parts supplier must assign supply from 5 warehouses (W1, W2, W3, W4 and W5) to 3 customers (C1, C2 and C3), such that the total demand of 300 units for the three customers is satisfied. The warehouse capacities are 85, 55, 75, 65 and 40, for W1, W2, W3, W4 and W5 respectively. A warehouse can supply any number of customers. The cost to supply a customer from a given warehouse is provided in Table-1.Given this information, answer the subquestions. Figure from the passage in the original paper How many decision variables are present in the standard primal formulation of the given problem? A parts supplier must assign supply from 5 warehouses (W1, W2, W3, W4 and W5) to 3 customers (C1, C2 and C3), such that the total demand of 300 units for the three customers is satisfied. The warehouse capacities are 85, 55, 75, 65 and 40, for W1, W2, W3, W4 and W5 respectively. A warehouse can supply any number of customers. The cost to supply a customer from a given warehouse is provided in Table-1.Given this information, answer the subquestions. Figure from the passage in the original paper How many constraints are present in the standard primal formulation of the given problem? *(Note: Exclude the count of non-negativity constraints when you input your answer)*