Question
A farmer owns 450 acres of land. He is going to plant each acre with wheat or corn. Each acre planted with wheat yields $2000
A farmer owns 450 acres of land. He is going to plant each acre with wheat or corn. Each acre planted with wheat yields $2000 profit, requires three workers, and requires two tons of fertilizer. Each acre planted with corn yields $3000 profit, requires two workers, and requires four tons of fertilizer. There are currently 1000 workers and 1200 tons of fertilizer available. Define the decision variables necessary for the LP formulation as follows: X = land planted with wheat (acres) Y = land planted with corn (acres) The objective is to maximize the total profit, i.e., 2000X + 3000Y. Constraint on available labor: 3X + 2Y <= 1000 Constraint on available fertilizer: 2X + 4Y <= 1200 Constraint on land (acres): X + Y <= 450 Non-negativity Constraint: X, Y >= 0 Therefore, the algebraic formulation of the LP is: MAX 2000X + 3000Y S.T. 3X + 2Y <= 1000 2X + 4Y <= 1200 X + Y <= 450 X, Y >= 0 a) Input and solve the formulation using Excel. After running Solver, generate and save both the answer report and the sensitivity report. b) Answer the following questions in the Answer and Sensitivity Report worksheet. i) How much land is planted with wheat? ii) How much land is planted with corn? iii) How much profit will the farm receive from the optimal operation?
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