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 2 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
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 2 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
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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