Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Gas Power Inc. is looking for natural gas suppliers for its four power plants. The company considers bids from five traders. The bids, maximum daily

image text in transcribed

Gas Power Inc. is looking for natural gas suppliers for its four power plants. The company considers bids from five traders. The bids, maximum daily supplies available from each bidder, and the monthly demand for each plant are summarized in the following table (here MCF stands for thousand standard cubic feet): The following additional requirements need to be taken into account: 1. Trader 1 will only supply Plant 2 if it orders at least 50MCF of gas. 2. Trader 2 wants the total amount it supplies to all plants to be a multiple of 60MCF. 3. Trader 3 is only interested working with Gas Power Inc. if it orders all the 150MCF the trader can supply. 4. Trader 4 requires that if it supplies less than 40 MCF to Plant 4 , then it must supply at least 40 MCF to Plant 3. 5. Trader 5 insists that at least one of the following conditions is satisfied: - supply to Plant 1 is at least 40MCF; - supply to Plant 2 is exactly 80MCF; - supply to Plant 3 is at most 50MCF. Formulate the problem of minimizing the monthly cost of natural gas supplies while satisfying all the requirements as an MIP. Implement and solve your model in AMPL. Report your solution below. MCF of gas supplied dailv from each trader to each plant

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

Introductory Accounting Finance And Auditing For Lawyers

Authors: Lawrence Cunningham

7th Edition

1634604105, 9781634604109

More Books

Students also viewed these Accounting questions

Question

Explain the various kinds of retirement plans.

Answered: 1 week ago

Question

Explain workplace flexibility (work-life balance).

Answered: 1 week ago

Question

Discuss global issues in employee benefits.

Answered: 1 week ago