A gold mining company extracts gold from mine A and mine B. Both mines produce three grades

Question:

A gold mining company extracts gold from mine A and mine B. Both mines produce three grades of gold: high, medium, and low. The cost to mine a ton of gold from mine A is $300, and from mine B, it is $200. Mine A yields 4 tons of high-grade gold for each day of operation, and mine B yields 3 tons. Both mines yield 2 tons each of medium-grade gold each day. The yield each day for low grade gold is 5 tons from mine A and 8 tons from mine B. The company has contracted with a gold processor to supply at least 6 tons of high-grade gold, 4 tons of medium-grade gold, and 12 tons of low-grade gold. How many tons of gold from both mines must be extracted each day to minimize the total cost subject to the above constraints?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Operations Management Managing Global Supply Chains

ISBN: 978-1506302935

1st edition

Authors: Ray R. Venkataraman, Jeffrey K. Pinto

Question Posted: