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A firm operates two types of aircraft: ABC model - carry a maximum of 80 passengers and 60 tons of cargo / Cost $1000 per Journey XYZ model carry a maximum 120 passengers and 30 tons of cargo/ Cost $1200 per Journey The aircraft firm is contracted to carry at least 960 passengers and 360 tons of cargo each day. (a) Define the decision variables and objective functions. (b) List out the constraints (c) Highlight the feasible areas (d) Identify both the corner points and the optimum point.

A firm operates two types of aircraft: ABC model - carry a maximum of 80 passengers and 60 tons of cargo / Cost $1000 per Journey XYZ model carry a maximum 120 passengers and 30 tons of cargo/ Cost $1200 per Journey The aircraft firm is contracted to carry at least 960 passengers and 360 tons of cargo each day. (a) Define the decision variables and objective functions. (b) List out the constraints (c) Highlight the feasible areas (d) Identify both the corner points and the optimum point.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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A firm operates two types of aircraft: ABC model - carry a maximum of 80 passengers and 60 tons of cargo / Cost $1000 per Journey XYZ model carry a maximum 120 passengers and 30 tons of cargo/ Cost $1200 per Journey The aircraft firm is contracted to carry at least 960 passengers and 360 tons of cargo each day. (a) Define the decision variables and objective functions. (b) List out the constraints (c) Highlight the feasible areas (d) Identify both the corner points and the optimum point.
Transcribed Image Text:A firm operates two types of aircraft: ABC model - carry a maximum of 80 passengers and 60 tons of cargo / Cost $1000 per Journey XYZ model carry a maximum 120 passengers and 30 tons of cargo/ Cost $1200 per Journey The aircraft firm is contracted to carry at least 960 passengers and 360 tons of cargo each day. (a) Define the decision variables and objective functions. (b) List out the constraints (c) Highlight the feasible areas (d) Identify both the corner points and the optimum point.
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