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Mississippi Agricultural Co. owns a wheat warehouse with a capacity of 20,000 bushels. At the beginning of month 1, they have 6,000 bushels of wheat. Each month, wheat can be bought and sold at the price per 1000 bushels given in the table below. The sequence of events during each month is as follows: i) The initial stock of wheat is counted. ii) Any amount of wheat up to your initial stock can be sold at the current month's selling price. iii) The company can buy (at the current month's buying price) as much wheat as they want, subject to the warehouse size limitation. Do the following: 1- Formulate an LP that can be used to determine how to maximize the profit earned over the next 10 months and. 2- Solve your LP using AMPL solver python. Month 1 2 3 4 5 6 7 8 9 10 Selling Price Purchase Price 3 6 7 1 4 5 5 1 3 2 8 8 2 3 4 3 255ww 3 5

Mississippi Agricultural Co. owns a wheat warehouse with a capacity of 20,000 bushels. At the beginning of month 1, they have 6,000 bushels of wheat. Each month, wheat can be bought and sold at the price per 1000 bushels given in the table below. The sequence of events during each month is as follows: i) The initial stock of wheat is counted. ii) Any amount of wheat up to your initial stock can be sold at the current month's selling price. iii) The company can buy (at the current month's buying price) as much wheat as they want, subject to the warehouse size limitation. Do the following: 1- Formulate an LP that can be used to determine how to maximize the profit earned over the next 10 months and. 2- Solve your LP using AMPL solver python. Month 1 2 3 4 5 6 7 8 9 10 Selling Price Purchase Price 3 6 7 1 4 5 5 1 3 2 8 8 2 3 4 3 255ww 3 5

Computer Networking: A Top-Down Approach (7th Edition)
Computer Networking: A Top-Down Approach (7th Edition)
7th Edition
ISBN:9780133594140
Author:James Kurose, Keith Ross
Publisher:James Kurose, Keith Ross
Chapter1: Computer Networks And The Internet
Section: Chapter Questions
Problem R1RQ: What is the difference between a host and an end system? List several different types of end...
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Mississippi Agricultural Co. owns a wheat warehouse with a capacity of 20,000 bushels. At the beginning of month 1, they have 6,000 bushels of wheat. Each month, wheat can be bought and sold at the price per 1000 bushels given in the table below. The sequence of events during each month is as follows: i) The initial stock of wheat is counted. ii) Any amount of wheat up to your initial stock can be sold at the current month's selling price. iii) The company can buy (at the current month's buying price) as much wheat as they want, subject to the warehouse size limitation. Do the following: 1- Formulate an LP that can be used to determine how to maximize the profit earned over the next 10 months and. 2- Solve your LP using AMPL solver python. Month 1 2 3 4 5 6 7 8 9 10 Selling Price Purchase Price 3 6 7 1 4 5 5 1 3 2 ∞∞№343 8 8 2 325 10 2 5
Transcribed Image Text:Mississippi Agricultural Co. owns a wheat warehouse with a capacity of 20,000 bushels. At the beginning of month 1, they have 6,000 bushels of wheat. Each month, wheat can be bought and sold at the price per 1000 bushels given in the table below. The sequence of events during each month is as follows: i) The initial stock of wheat is counted. ii) Any amount of wheat up to your initial stock can be sold at the current month's selling price. iii) The company can buy (at the current month's buying price) as much wheat as they want, subject to the warehouse size limitation. Do the following: 1- Formulate an LP that can be used to determine how to maximize the profit earned over the next 10 months and. 2- Solve your LP using AMPL solver python. Month 1 2 3 4 5 6 7 8 9 10 Selling Price Purchase Price 3 6 7 1 4 5 5 1 3 2 ∞∞№343 8 8 2 325 10 2 5
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