Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

C is produced using A and B as a raw material. To produce 1 kg C, 0.6 k A and 0.4 kg B are required.

C is produced using A and B as a raw material. To produce 1 kg C, 0.6 k A and 0.4 kg B are required. The selling price of C and the cost of the A and B are given in the following table.

C $/kg

A $/kg

B $/kg

0.25

0.07

0.06

The amount of the electricity to make the production is 1 kJ/kg C. The company have 4 generators to meet the electricity requirement. The cost and the daily capacities of the generators are given in the following table.

Generators

1

2

3

4

Cost ($/day)

70

50

120

140

Capacity kJ/day

300

600

500

1600

If the daily amount of produced C is limited with 2000 kg. Develop and solve the MILP model to determine which generators should be used and optimum daily production of C to maximize the profit. (The model should be represented in your answer sheet and also excel file)

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

Step: 3

blur-text-image

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

Exploring Strategic Change

Authors: Julia Balogun, Veronica Hope Hailey, Stafanie Gustafsson

4th Edition

0273778919, 9780273778912

More Books

Students also viewed these Accounting questions

Question

Why is repatriation orientation and training needed?

Answered: 1 week ago