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1 . Let M be the number of units to make and B be the number of units to buy. We want to minimize the
Let M be the number of units to make and B be the number of units to buy. We want to minimize the total cost. If it costs $ to make a unit and $ to buy a unit and totally exactly units are needed, the constraint that totally units are needed can be formulated as a MB b MB c MB d M B Use the information given in # The objective function is a Max MB b Min MB c MB d Min MB A company makes two products, A and B A sells for $ and B sells for $ The variable production costs are $ per unit for A and $ for B To maximize the total profits, the company's objective function could be written as aAB b Max AB c Max AB d Max AB Let A B and C be the amounts invested in companies A B and C If no more than of the total investment can be invested in company C then a C bAB C cAB C dAB C is the process of translating a verbal statement of a problem into a mathematical statement. a Simulation b Problem description c Problem formulation d Linear programming
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