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Chemical Manufacturing is dedicated to the manufacture of two important solvents:CS-01 and CS-02, mixing three chemical paint thinners. In the following tables, information on daily costs and available resources is presented of the diluents: CHEMICAL THINNERS FOR PAINT 1 MAXIMUM AVAILABLE COST/GALLON ($) (GALLONS) 0.60 600 2 0.70 3 0.94 PRODUCT SPECIFICATIONS CS-01 At most 20% of diluent 1. At least 30% of diluent 2. At most 10% of the diluent 3. CS-02 At least 35% of diluent 1. At most 50% of diluent 2. At least 40% of the diluent 3. 20,000 20,000 Each gallon of CS-01 solvent can be sold for $2.30 and each gallon of CS-02can be sold for $3.20. There is a commitment with the company, in which it agrees to produce at least 10,000 gallons of CS-01. • Formulate a model in which the best production plan that maximizes profits can be determined: A. Identify the decision variables, objective function, and optimal solution. B. Identify model constraints.

Chemical Manufacturing is dedicated to the manufacture of two important solvents:CS-01 and CS-02, mixing three chemical paint thinners. In the following tables, information on daily costs and available resources is presented of the diluents: CHEMICAL THINNERS FOR PAINT 1 MAXIMUM AVAILABLE COST/GALLON ($) (GALLONS) 0.60 600 2 0.70 3 0.94 PRODUCT SPECIFICATIONS CS-01 At most 20% of diluent 1. At least 30% of diluent 2. At most 10% of the diluent 3. CS-02 At least 35% of diluent 1. At most 50% of diluent 2. At least 40% of the diluent 3. 20,000 20,000 Each gallon of CS-01 solvent can be sold for $2.30 and each gallon of CS-02can be sold for $3.20. There is a commitment with the company, in which it agrees to produce at least 10,000 gallons of CS-01. • Formulate a model in which the best production plan that maximizes profits can be determined: A. Identify the decision variables, objective function, and optimal solution. B. Identify model constraints.

Practical Management Science
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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Chemical Manufacturing is dedicated to the manufacture of two important solvents:CS-01 and CS-02, mixing three chemical paint thinners. In the following tables, information on daily costs and available resources is presented of the diluents: CHEMICAL THINNERS FOR PAINT 1 MAXIMUM AVAILABLE COST/GALLON ($) (GALLONS) 0.60 600 2 0.70 3 0.94 PRODUCT SPECIFICATIONS CS-01 At most 20% of diluent 1. At least 30% of diluent 2. At most 10% of the diluent 3. CS-02 At least 35% of diluent 1. At most 50% of diluent 2. At least 40% of the diluent 3. 20,000 20,000 Each gallon of CS-01 solvent can be sold for $2.30 and each gallon of CS-02can be sold for $3.20. There is a commitment with the company, in which it agrees to produce at least 10,000 gallons of CS-01. • Formulate a model in which the best production plan that maximizes profits can be determined: A. Identify the decision variables, objective function, and optimal solution. B. Identify model constraints.
Transcribed Image Text:Chemical Manufacturing is dedicated to the manufacture of two important solvents:CS-01 and CS-02, mixing three chemical paint thinners. In the following tables, information on daily costs and available resources is presented of the diluents: CHEMICAL THINNERS FOR PAINT 1 MAXIMUM AVAILABLE COST/GALLON ($) (GALLONS) 0.60 600 2 0.70 3 0.94 PRODUCT SPECIFICATIONS CS-01 At most 20% of diluent 1. At least 30% of diluent 2. At most 10% of the diluent 3. CS-02 At least 35% of diluent 1. At most 50% of diluent 2. At least 40% of the diluent 3. 20,000 20,000 Each gallon of CS-01 solvent can be sold for $2.30 and each gallon of CS-02can be sold for $3.20. There is a commitment with the company, in which it agrees to produce at least 10,000 gallons of CS-01. • Formulate a model in which the best production plan that maximizes profits can be determined: A. Identify the decision variables, objective function, and optimal solution. B. Identify model constraints.
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