Question
Correct answer with proper explanation Jack could manufacture COVID 19 test kits using two processes. For process 1, the unit cost of the first two
Correct answer with proper explanation
Jack could manufacture COVID 19 test kits using two processes. For process 1, the unit cost of the first two million kits is $10, and the unit cost is reduced to $4 afterward. For process 2, the unit cost of the first five million kits is $8, and the unit cost is reduced to $5 after that. Jack has a budget of 20 million dollars and likes to maximize the number of test kits. Formulate this problem as an IP. I suggest you write out the complete formulation before you answer the multiple-choice questions.
Decision Variable:
X11: millions of kits manufactured at $10 using process 1
X21: millions of kits manufactured at $4 using process 1
X12: millions of kits manufactured at $8 using process 2
X22: millions of kits manufactured at $5 using process 2
What is the objective function?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To formulate this problem as an Integer Programming IP model we can define the decision variables an...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started