Paul Bergey is in charge of loading cargo ships for International Cargo Company (ICC) at the port

Question:

Paul Bergey is in charge of loading cargo ships for International Cargo Company (ICC) at the port in Newport News, Virginia. Paul is preparing a loading plan for an ICC freighter destined for Ghana. An agricultural commodities dealer wants to transport the following products aboard this ship.



Paul Bergey is in charge of loading cargo ships


Paul can elect to load any and/or all of the available commodities. However, the ship has three cargo holds with the following capacity restrictions:


Paul Bergey is in charge of loading cargo ships


More than one type of commodity can be placed in the same cargo hold. However, because of balance considerations, the weight in the forward cargo hold must be within 10% of the weight in the rear cargo hold and the center cargo hold must be between 40% to 60% of the total weight on board.
a. Formulate an LP model for this problem.
b. Create a spreadsheet model for this problem and solve it using Solver.
c. What is the optimalsolution?

Dealer
A dealer in the securities market is an individual or firm who stands ready and willing to buy a security for its own account (at its bid price) or sell from its own account (at its ask price). A dealer seeks to profit from the spread between the...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: