Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

* This is all the info available Linear Optimization Problem - Find the objective function and the constraints -Given Information - Refinery A requires exactly

*This is all the info available

Linear Optimization Problem

- Find the objective function and the constraints

-Given Information

- Refinery A requires exactly 25000 Bushels of corn

- Refinery B requires exactly 15,000 Bushels of corn

- Plot of Land in Farm A is 75 Acres

- Plot of Land in Farm B is 120 Acres

- Plot of Land in Farm C is 90 Acres

- The cost of Transport from Farm A to refinery A is 0.05 per Bushel and the cost of transport from Farm A to refinery B is 0.02 per Bushel

- The cost of Transport from Farm B to refinery A is 0.07 per Bushel and the cost of transport from Farm B to refinery B is 0.06per Bushel

- The cost of Transport from Farm C to refinery A is 0.04 per Bushel and the cost of transport from Farm C to refinery B is 0.12 per Bushel

- For any Plot of land you cultivate, you plan to apply 200 pounds of nitrogen per acre, 100 pounds of phosphorus per acre, and 150 pounds of potassium per acre

Given the above info, we want to minimize the total cost subject to the constraints.

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

Accounting Custom Edition For National American University

Authors: Charles T. Horngren, Walter T. Harrison Jr, M. Suzanne Oliver

9th Edition

1256297585, 978-1256297581

More Books

Students also viewed these Accounting questions

Question

What are the key differences?

Answered: 1 week ago