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The purchasing manager has formulated the following LP model: Minimise COST = 6M1 + 5M2 + 4M3 + 7M4 subject to 0,05M1 + 0,04M2 +
The purchasing manager has formulated the following LP model:
Minimise COST = 6M1 + 5M2 + 4M3 + 7M4
subject to
0,05M1 + 0,04M2 + 0,08M4 50 (CHRM)
0,40M1 + 0,80M2 + 0,60M3 + 0,32M4 500 (IRON)
M1 + M2 + M3 + M4 = 1000 (MASS)
and all variables 0,
where Mi = number of kg of scrap type i purchased, i=1,2,3,4.
(a) Solve this model using LINGO or SOLVER.
(b) Write down the foundry's optimal purchasing plan an
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