A cement importer operates two plants where they repackage bulk imported cement into smaller bags for...
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A cement importer operates two plants where they repackage bulk imported cement into smaller bags for end customers. The suppliers are willing to supply cement in the following amounts: S1: 200 tonnes at €11/tonne • S2: 310 tonnes at €10/tonne S3: 420 tonnes at €9/tonne Shipping costs in € per tonne are: To: S1 From: S2 S3 Plant A Plant B € 3.00 € 3.50 € 2.00 € 2.50 € 6.00 € 4.00 Plant capacities and labour costs are: Plant A Plant B 460 tonnes 560 tonnes €21/tonne Capacity Labour cost €26/tonne The repackaged cement is sold by the import company at €50/tonne to the regional distributors. The company can sell at this price all they can repackage. The objective is to find the best mixture of the quantities supplied by the three suppliers to the two plants so that the company maximises its profits. Formulate the problem as a linear programming model and explain it. A cement importer operates two plants where they repackage bulk imported cement into smaller bags for end customers. The suppliers are willing to supply cement in the following amounts: S1: 200 tonnes at €11/tonne • S2: 310 tonnes at €10/tonne S3: 420 tonnes at €9/tonne Shipping costs in € per tonne are: To: S1 From: S2 S3 Plant A Plant B € 3.00 € 3.50 € 2.00 € 2.50 € 6.00 € 4.00 Plant capacities and labour costs are: Plant A Plant B 460 tonnes 560 tonnes €21/tonne Capacity Labour cost €26/tonne The repackaged cement is sold by the import company at €50/tonne to the regional distributors. The company can sell at this price all they can repackage. The objective is to find the best mixture of the quantities supplied by the three suppliers to the two plants so that the company maximises its profits. Formulate the problem as a linear programming model and explain it.
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Certainly lets formulate the problem as a linear programming model step by step Objective The objective is to maximize the companys profit The profit ... View the full answer
Related Book For
Advanced Financial Accounting
ISBN: 978-0137030385
6th edition
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay
Posted Date:
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