Question: * * * * * * * * * * * I NEED A SOLUTION PROCESS ON HOW TO SOLVE THIS PROBLEM WITH SIMPLEX METHOD
I NEED A SOLUTION PROCESS ON HOW TO SOLVE THIS PROBLEM WITH SIMPLEX METHOD
RMC Inc., is a small firm that produces a variety of chemical products. In a particular
production process, three raw materials are blended mixed together to produce two prod
ucts: a fuel additive and a solvent base. Each ton of fuel additive is a mixture of ton of
material and ton of material A ton of solvent base is a mixture of ton of material
ton of material and ton of material After deducting relevant costs, the profit
contribution is $ for every ton of fuel additive produced and $ for every ton of solvent
base produced.
RMCs production is constrained by a limited availability of the three raw materials.
For the current production period, RMC has available the following quantities of each raw
material:
Raw Material
Material
Material
Material
Amount Available for Production
tons
tons
tons
Assuming that RMC is interested in maximizing the total profit contribution, the problem
formulation is shown here:
Max
Material
Material
Material
where
tons fuel additive produced
tons solvent base produced
Solve the RMC problem using the simplex method. At each iteration, locate the basic
feasible solution found by the simplex method on the graph of the feasible region.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
