Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A factory makes three products called Bloom, Amber, and Leaf, from three materials containing Cotton, Wool and Nylon. The following table provides details on the

A factory makes three products called Bloom, Amber, and Leaf, from three materials containing Cotton, Wool and Nylon. The following table provides details on the sales price, production cost and purchase cost per ton of products and materials respectively. Sales price Production cost Purchase price Bloom $60 $5 Cotton $40 Amber $55 $4 Wool $45 Leaf $60 $5 Nylon $30 The maximal demand (in tons) for each product, the minimum cotton and wool proportion in each product are as follows: Demand min Cotton proportion min Wool proportion Bloom 4200 50% 40% Amber 3200 60% 40% Leaf 3500 50% 30% a) Formulate an LP model for the factory that maximises the profit, while satisfying the demand and the cotton and wool proportion constraints. [20 Marks] b) Solve the model using R/R Studio. Find the optimal profit and optimal values of the decision variables. [20 Marks] Hints: 1. Let xij 0 be a decision variable that denotes the number of tons of products j for j {1 = Bloom, 2 = Amber, 3 = Leaf} to be produced from Materials i {C=Cotton, W=Wool, N=Nylon}. 2. The proportion of a particular type of Material in a particular type of Product can be calculated as: e.g., the proportion of Cotton in product Bloom is given by: xC1 xC1 + xW1 + xN1

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

User Defined Tensor Data Analysis

Authors: Bin Dong ,Kesheng Wu ,Suren Byna

1st Edition

3030707490, 978-3030707491

More Books

Students also viewed these Databases questions

Question

5. Identify and describe nine social and cultural identities.

Answered: 1 week ago

Question

2. Define identity.

Answered: 1 week ago

Question

4. Describe phases of majority identity development.

Answered: 1 week ago