Homework Help is Here – Start Your Trial Now!
Business
Operations Management
Local Value Farms uses two types of manure which contain the following chemicals. Type A Type B Magnesium 18 3 Copper 5 2 Zinc 2 5 For a certain crop the following minimum quantities (kg) are required. Magnesium 100 Copper 50 Zinc 40 Type A cost $10 per kg and Type B costs $5 per kg. Local Value Farms Ltd currently buys arbitrarily 1,000 kg of each of manure. However, it wishes to minimise its expenditure on manure. Find: Dons a. By defining your variables, find the inequalities and objective function that represent the above information. From MS Excel Solver, using either the Answer or Sensitivity Report, state: b. the quantities of Type A and Type B which should be bought and the costs of buying this optimal mix. c. the value and nature of the objective coefficient for Type A manure.

Local Value Farms uses two types of manure which contain the following chemicals. Type A Type B Magnesium 18 3 Copper 5 2 Zinc 2 5 For a certain crop the following minimum quantities (kg) are required. Magnesium 100 Copper 50 Zinc 40 Type A cost $10 per kg and Type B costs $5 per kg. Local Value Farms Ltd currently buys arbitrarily 1,000 kg of each of manure. However, it wishes to minimise its expenditure on manure. Find: Dons a. By defining your variables, find the inequalities and objective function that represent the above information. From MS Excel Solver, using either the Answer or Sensitivity Report, state: b. the quantities of Type A and Type B which should be bought and the costs of buying this optimal mix. c. the value and nature of the objective coefficient for Type A manure.

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...
See similar textbooks
icon
Related questions
Question

Quantitative Methods II - Question 1

Please assist with a. b. & c.

Question 1 Local Value Farms uses two types of manure which contain the following chemicals. Type A Type B Magnesium 18 3 Copper 5 2 For a certain crop the following minimum quantities (kg) are required. Magnesium 100 Zinc 40 Zinc 2 5 Copper 50 Type A cost $10 per kg and Type B costs $5 per kg. Local Value Farms Ltd currently buys arbitrarily 1,000 kg of each of manure. However, it wishes to minimise its expenditure on manure. Find: a. By defining your variables, find the inequalities and objective function that represent the above information. From MS Excel Solver, using either the Answer or Sensitivity Report, state: b. the quantities of Type A and Type B which should be bought and the costs of buying this optimal mix. c. the value and nature of the objective coefficient for Type A manure. d. the range of allowable quantities of Type A and B manure within which the objective coefficient remains the same. (ATTACH YOUR ANSWER REPORT AND SENSITIVITY REPORT TO YOUR SOLUTION)
Transcribed Image Text:Question 1 Local Value Farms uses two types of manure which contain the following chemicals. Type A Type B Magnesium 18 3 Copper 5 2 For a certain crop the following minimum quantities (kg) are required. Magnesium 100 Zinc 40 Zinc 2 5 Copper 50 Type A cost $10 per kg and Type B costs $5 per kg. Local Value Farms Ltd currently buys arbitrarily 1,000 kg of each of manure. However, it wishes to minimise its expenditure on manure. Find: a. By defining your variables, find the inequalities and objective function that represent the above information. From MS Excel Solver, using either the Answer or Sensitivity Report, state: b. the quantities of Type A and Type B which should be bought and the costs of buying this optimal mix. c. the value and nature of the objective coefficient for Type A manure. d. the range of allowable quantities of Type A and B manure within which the objective coefficient remains the same. (ATTACH YOUR ANSWER REPORT AND SENSITIVITY REPORT TO YOUR SOLUTION)
Expert Solution
steps

Step by step

Solved in 2 steps with 7 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.
SEE MORE TEXTBOOKS