9 Each week Chemco can purchase unlimited quantities of raw material at $6/lb. Each pound of purchased
Question:
9 Each week Chemco can purchase unlimited quantities of raw material at $6/lb. Each pound of purchased raw material can be used to produce either input 1 or input 2.
Each pound of raw material can yield 2 oz of input 1, requiring 2 hours of processing time and incurring $2 in processing costs. Each pound of raw material can yield 3 oz of input 2, requiring 2 hours of processing time and incurring
$4 in processing costs.
Two production processes are available. It takes 2 hours to run process 1, requiring 2 oz of input 1 and 1 oz of input 2. It costs $1 to run process 1. Each time process 1 is run 1 oz of product A and 1 oz of liquid waste are produced.
Each time process 2 is run requires 3 hours of processing time, 2 oz of input 2 and 1 oz of input 1. Process 2 yields 1 oz of product B and .8 oz of liquid waste. Process 2 incurs
$8 in costs.
Chemco can dispose of liquid waste in the Port Charles River or use the waste to produce product C or product D.
Government regulations limit the amount of waste Chemco is allowed to dump into the river to 1,000 oz/week. One ounce of product C costs $4 to produce and sells for $11.
One hour of processing time, 2 oz of input 1, and .8 oz of liquid waste are needed to produce an ounce of product C.
One unit of product D costs $5 to produce and sells for $7.
One hour of processing time, 2 oz of input 2, and 1.2 oz of liquid waste are needed to produce an ounce of product D.
At most 5,000 oz of product A and 5,000 oz of product B can be sold each week, but weekly demand for products C and D is unlimited. Product A sells for $18/oz and product B sells for $24/oz. Each week 6,000 hours of processing time is available. Formulate an LP whose solution will tell Chemco how to maximize weekly profit.
Step by Step Answer:
Operations Research Applications And Algorithms
ISBN: 9780534380588
4th Edition
Authors: Wayne L. Winston