Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

P&T Chemicals produces two products. For the coming month, the combined productions for products 1 and 2 must total at least 350 gallons. Also, a

P&T Chemicals produces two products. For the coming month, the combined productions for products 1 and 2 must total at least 350 gallons. Also, a major customer’s order for 125 gallons of product 1 must also be satisfied. Products 1 and 2 require a processing time of 2 hours and 1 hour, respectively, per gallon. For the coming month, 600 hours of processing time are available. Production costs are $2 per gallon for Product 1 and $3 per gallon for Product 2. P& T’s objective is to satisfy the above requirements at a minimal cost.

a. Formulate the above situation as a Linear Programming problem.

b. What is the optimal solution to the above LP problem? (Solve graphically and show all your work: feasible region, extreme points, etc.)

c. What will be the optimal solution if the production cost of Product 1 is changed to $3 per gallon?

Step by Step Solution

3.52 Rating (162 Votes )

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

Managerial Accounting

Authors: Ramji Balakrishnan, Konduru Sivaramakrishnan, Geoff B. Sprinkle

2nd edition

1118385381, 978-1118385388

More Books

Students also viewed these Mathematics questions