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.
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.
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)
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The IIT Madras BS Business Analytics (Business Analytics) Quiz 2 paper sat on 24 Mar 2024, in the January 2024 term: 17 questions for 20 marks in 120 minutes. The first 3 questions are below. Sign in with Google — it is free — to see the whole paper with its answers and explanations, in learning mode or as a timed mock test.
| Feature | Business Analytics Quiz 2 24 Mar 2024 at a glance |
|---|---|
| Term | January 2024 term |
| Subject | Business Analytics |
| Course code | BSMS2002 |
| Questions | 17 |
| Marks | 20 |
| Duration | 120 min |
| Numerical | 13 |
| Written | 2 |
| MCQ | 1 |
| MSQ | 1 |
| Official paper | IIT M DIPLOMA AN EXAM QDD2 24 Mar 2024 |
| Negative marking | No negative marking. |
| Updated |
