Question: 2 Question 2 : ( 3 0 % ) SA Food Products Company owns several farms where it grows and harvests potatoes. It then ships
Question : SA Food Products Company owns several farms where it grows and harvests potatoes. It then shipsthese potatoes to three processing plants called A B C where different varieties of potato products,including chips, are produced. Recently, the company has experienced a growth in its product demandso it wants to buy one or more new farms to produce more potato products. The company isconsidering six new farms with the following annual fixed costs and projected harvest.Farms Fixed Annual Costs $s Projected Annual Harvest TonsThe company currently has the following additional available production capacity tons at its threeplants that it wants to use: Plant A: thousands of tons, Plant B: thousands of tons, Plant C: thousands of tons. The shipping costs $ per ton from the farms being considered for purchase to theplants are as follows:Shipping Costs, $tonFarm A B CThe company wants to know which of the six farms it should purchase that will meet availableproduction capacity at the minimum total cost, including annual fixed costs and shipping costs.Formulate a mathematical model and solve it using a computer, and what is the optimal solution?Question : ABC company is a manufacturing company that has a contract to supply a customer with parts fromApril through September. However, ABC does not have enough storage space to store the parts duringthis period, so it needs to lease extra warehouse space during the sixmonth period. Following areABCs space requirements.Month Required Space ftApril May June July August September The rental agent that ABC is dealing with has provided it with the following cost schedule forwarehouse space. This schedule shows that the longer the space is rented the cheaper it is Forexample if ABC rents space for all six months, it costs $ft per month, whereas if it rents thesame space for only month, it costs $ft per month.Rental Period Months $ftmonthABC can rent amount of warehouse space on a month basis at any time for any number of wholemonths ABC wants to determine the least costly rental agreement that will exactly meet its spaceneeds each month and avoid any unused space.a Formulate a mathematical model for this problem, the space to rent is exactly the same asrequiredb Solve the model using a computer.c Suppose that ABC were to relax its restriction that it rent exactly the space it needs everymonth such that is would
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