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b. Graph the constraints and identify the feasible region. c. Complete the table Corner Points THEY CY d. How many tons of each product should be produced, and what is the projected total profit contribution? TH Objective Function O FU

b. Graph the constraints and identify the feasible region. c. Complete the table Corner Points THEY CY d. How many tons of each product should be produced, and what is the projected total profit contribution? TH Objective Function O FU

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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b. Graph the constraints and identify the feasible region. c. Complete the table Corner Points d. How many tons of each product should be produced, and what is the projected total profit contribution?!
Transcribed Image Text:b. Graph the constraints and identify the feasible region. c. Complete the table Corner Points d. How many tons of each product should be produced, and what is the projected total profit contribution?!
Solve the following problems. Show your complete solution. i.. XYZ, Inc., is a small firm that produces a variety of chemical products. In a particular production process, three raw materials are blended (mixed together) to produce two products: a fuel additive and a solvent base. Each ton of fuel additive is a mixture of ton of material 1 and % of material 3. A ton of solvent base is a mixture of ½ ton of material 1, ½ ton of material 2, and 10 ton of material 3. After deducting relevant costs, the profit contribution is P2000 for every ton of fuel additive produced and P1500 for every ton of solvent base produced. XYZ's production is constrained by a limited availability of the three raw materials. For the current production period, XYZ has the following available quantities of each raw material: Raw Material Material 1 Amount Available for Production 20 tons 5 tons 21 tons Material 2 Material 3 Assuming that XYZ is interested in maximizing the total profit contribution, answer the following: a. Define the variables used and formulate the linear programming model for this problem.
Transcribed Image Text:Solve the following problems. Show your complete solution. i.. XYZ, Inc., is a small firm that produces a variety of chemical products. In a particular production process, three raw materials are blended (mixed together) to produce two products: a fuel additive and a solvent base. Each ton of fuel additive is a mixture of ton of material 1 and % of material 3. A ton of solvent base is a mixture of ½ ton of material 1, ½ ton of material 2, and 10 ton of material 3. After deducting relevant costs, the profit contribution is P2000 for every ton of fuel additive produced and P1500 for every ton of solvent base produced. XYZ's production is constrained by a limited availability of the three raw materials. For the current production period, XYZ has the following available quantities of each raw material: Raw Material Material 1 Amount Available for Production 20 tons 5 tons 21 tons Material 2 Material 3 Assuming that XYZ is interested in maximizing the total profit contribution, answer the following: a. Define the variables used and formulate the linear programming model for this problem.
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