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Question 3 A mineral smelting company is interested in buying the following type and quantities of ore. Ore type Quantity (Tonnes) w 100 X 75
Question 3 A mineral smelting company is interested in buying the following type and quantities of ore. Ore type Quantity (Tonnes) w 100 X 75 Y 250 z 200 150 Four different companies have submitted the tenders, who undertake to supply of the ore not more than the quantities indicated below: A B C D Ore supplier Quantity (Tonnes) 300 250 150 200 The smelting company estimates that its profit per ore will vary according to the ore supplier as indicates in the following table: z 1.5 v 2.75 3 2.5 3.25 B w 3.5 3.25 3.5 2.75 Y 2.25 1.75 X 4.25 4.5 4.75 4 1 2 1.25 D 2.5 1.75 Determine how should the orders to be places for the dresses so as to maximize the profit (Use both Stepping stone and Modified Distribution (MODI) Method)
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