A manufacturing firm produces four different products. One of the necessary raw materials is in short supply,
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A manufacturing firm produces four different products. One of the necessary raw materials is in short supply, and only R pounds are available. The selling price of product i is $S i , per pound. Furthermore, each pound of product i uses a i , pounds of the critical raw material. The variable cost, excluding the raw material cost, of producing x i , pounds of product i is k i ,xi 2 , , where k i , >O is known. Develop a mathematical model for the problem.
Related Book For
Operations Management Creating Value Along the Supply Chain
ISBN: 978-0470525906
7th Edition
Authors: Roberta S. Russell, Bernard W. Taylor
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