Final Exam Opeartion Research
Final Exam Opeartion Research
Instructions:
a. You have 1x24 hour to answer the question below.
b. Use the answer sheet that I provided.
c. You can answer in Bahasa Indonesia.
d. You must collect the answer sheet at my office before Jan 14th 3:00 pm
2. A manufacturer produces two types of plastic cladding. These have the trade names Ankalor and Beslite. One yard
of Ankalor requires 8 lb of polyamine, 2.5 lb of diurethane and 2 lb of monomer. A yard of Beslite needs 10 lb of
polyamine, 1 lb of diurethane, and 4 lb of monomer. The company has in stock 80,000 lb of polyamine, 20,000 lb of
diurethane, and 30,000 lb of monomer. Both plastics can be produced by alternate parameter settings of the
production plant, which is able to produce sheeting at the rate of 12 yards per hour. A total of 750 production plant
hours are available for the next planning period. The contribution to profit on Ankalor is $10/yard and on Beslite is
$20/yard. The company has a contract to deliver at least 3,000 yards of Ankalor. What production plan should be
implemented in order to maximize the contribution to the firm's profit from this product division?
4. Discrete-Time Markov Chains I: A baseball team consists of 2 stars, 13 starters, and 10 substitutes. For insurance
purposes, the team owner must place a value on the players. The value of each player is defined to be the total
value of the salary he will earn until retirement. At the beginning of each season, the players are classified into one
of four categories: Category 1: Substitute (earns $100,000 per year). Category 2: Starter (earns $400,000 per year).
Category 3: Star (earns $1 million per year). Category 4: Retired while not a star (earns no more salary). Category 5:
Retired while Star (earns no salary, but is paid $100,000/year for product endorsements). Given that a player is a
star, starter, or substitute at the beginning of the current season, the probabiliites that he will be a star, starter,
substitute, or retired at the beginning of the next season are shown in the transition probability matrix P below.
Also shown are a diagram of the Markov chain model of a "typical" player, several powers of P, the first-passage
probability matrices, the absorption probabilities, and the matrix of expected number of visits!