Based on 3.8 problem 7: Eli Daisy uses chemicals 1 and 2 to produce two drugs. Drug 1 must be at least 70% chemical 1, and Drug 2 must be at least 60% chemical 2. Up to 112 oz of Drug 1 can be sold at $8 per oz; up to 84 oz of Drug 2 can be sold at $6 per oz. Up to 126 oz of chemical 1 can be purchased at $5 per oz, and up to 110 oz of chemical 2 can be purchased at $4 per oz. Formulate an LP that can be used to maximize profits. Suggestion for one decision variable: x12 for oz of Chem1 in Drug 2 What is the (value of the) optimal profit? z = How much of Drug 1 will be produced? How much of Chemical 2 will be purchased?
Based on 3.8 problem 7: Eli Daisy uses chemicals 1 and 2 to produce two drugs. Drug 1 must be at least 70% chemical 1, and Drug 2 must be at least 60% chemical 2. Up to 112 oz of Drug 1 can be sold at $8 per oz; up to 84 oz of Drug 2 can be sold at $6 per oz. Up to 126 oz of chemical 1 can be purchased at $5 per oz, and up to 110 oz of chemical 2 can be purchased at $4 per oz. Formulate an LP that can be used to maximize profits. Suggestion for one decision variable: x12 for oz of Chem1 in Drug 2 What is the (value of the) optimal profit? z = How much of Drug 1 will be produced? How much of Chemical 2 will be purchased?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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