A fertilizer company manufactures 3 different products P1, P2 which in turn gives rise to the...

 

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A fertilizer company manufactures 3 different products P1, P2 which in turn gives rise to the pollutants CO2, CO, and S02. The quantity of each pollutant that is created when a lb of each of its three products is produced can be seen in the table below. The revenue earned and costs incurred for each lb of product produced are also shown in the table below. Quantity of pollutants (in lb)/lb of product produced Products Cost($/lb) Revenue($/lb) CO2 CO SO2 P1 0.20 0.1 0.01 0.5 0.88 P2 0.35 0.05 0.1 0.68 1.2 The legally permissible limit of CO2 and CO and SO2(in lb) for one day are respectively 5 lb and 3 lb and 1lb. Formulate an optimization model to maximize the company's daily profit. Clearly define any notation that you use. Hint: Note the profit of a product is the revenue == pound of P1 is 0.88-0.50 = 0.38/lb - cost. For example, the profit of a A fertilizer company manufactures 3 different products P1, P2 which in turn gives rise to the pollutants CO2, CO, and S02. The quantity of each pollutant that is created when a lb of each of its three products is produced can be seen in the table below. The revenue earned and costs incurred for each lb of product produced are also shown in the table below. Quantity of pollutants (in lb)/lb of product produced Products Cost($/lb) Revenue($/lb) CO2 CO SO2 P1 0.20 0.1 0.01 0.5 0.88 P2 0.35 0.05 0.1 0.68 1.2 The legally permissible limit of CO2 and CO and SO2(in lb) for one day are respectively 5 lb and 3 lb and 1lb. Formulate an optimization model to maximize the company's daily profit. Clearly define any notation that you use. Hint: Note the profit of a product is the revenue == pound of P1 is 0.88-0.50 = 0.38/lb - cost. For example, the profit of a