Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Longfield Fnilt Products (LFP) owns orchards in the Florida state where il grows oranges. It then ships these oranges to lts three processing facilities in

image text in transcribed

Longfield Fnilt Products (LFP) owns orchards in the Florida state where il grows oranges. It then ships these oranges to lts three processing facilities in Alpha (A), Beata (B) and Cakra (C) where a variety of orange products are manufactured. Recently, as the economy has improved, LFP has experienced a growth in its product demand so it wants to purchase one or more orchards to produce more orange/citrus products. LFP is considering five new orchards with the following annual fixed costs and projected annual number of oranges reaped. LFP has the following additional available production capacity (tons) at the three processing facilities which it wants to utilize. The shipping costs per ton from the farms being considered for purchase to the plants are as follows: Required: Your task is to assist in the formulation of the problem as a linear programming model which will enable LFP in deciding which of the orchard/s it should purchase which will meet available production capacity at the minimum total cost including annual fixed costs and shipping costs Specifically. answer the following questions: (a) The problem requires two different kinds of decision variables. Clearly define each kind. (b) Write the objective function. Longfield Fnilt Products (LFP) owns orchards in the Florida state where il grows oranges. It then ships these oranges to lts three processing facilities in Alpha (A), Beata (B) and Cakra (C) where a variety of orange products are manufactured. Recently, as the economy has improved, LFP has experienced a growth in its product demand so it wants to purchase one or more orchards to produce more orange/citrus products. LFP is considering five new orchards with the following annual fixed costs and projected annual number of oranges reaped. LFP has the following additional available production capacity (tons) at the three processing facilities which it wants to utilize. The shipping costs per ton from the farms being considered for purchase to the plants are as follows: Required: Your task is to assist in the formulation of the problem as a linear programming model which will enable LFP in deciding which of the orchard/s it should purchase which will meet available production capacity at the minimum total cost including annual fixed costs and shipping costs Specifically. answer the following questions: (a) The problem requires two different kinds of decision variables. Clearly define each kind. (b) Write the objective function

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

Project management the managerial process

Authors: Eric W Larson, Clifford F. Gray

5th edition

73403342, 978-0073403342

More Books

Students also viewed these General Management questions