Question: For each problem, your responsibility is to formulate the decision environment as a mathematical model. You are not required to solve the problems! Simply write
For each problem, your responsibility is to formulate the decision environment as a mathematical model. You are not required to solve the problems! Simply write up the appropriate models. This, you should recall, will include complete descriptions of the decision variables, a statement of the objective function, and all relevant constraints. Note that constraints are not to contain IF statements, OR statements, or multiplication or division of variables. Your models should be written in a form that I can interpret, not one that is meant for Excel.Miamitown Mulch is a small landscaping company whose primary retail sales are in three types
of mulch. They sell Black Hardwood, Red Cedar, and Pine Bark mulch, typically in bulk to
landscaping contractors. April, May and June are their three biggest sales months of the year,
and they need to plan for the correct amount of mulch to have on hand each month. The
supplier they get their mulch from requires firm contracts by March st and Miamitown needs
to know how much to order for the coming months. Their estimates of demand, in tons, are as
follows:
Black Red Pine
Month Hardwood Cedar Bark
April
May
June
The supplier can sell Miamitown up to tons of Black Hardwood each month at $ per ton.
They can provide an additional tons each month at $ per ton. The supplier will provide as
much as tons of Red Cedar each month for $ per ton, and as much as more tons each
month at $ per ton. There is much greater availability of Pine Bark Mulch, so the supplier can
provide Miamitown with up to tons per month, at a cost of $ per ton.
Miamitown can hold a limited amount of inventory of mulch from one month to the next. The
total amount that can be held, for all three types of mulch combined, cannot exceed tons.
They estimate that it will cost them of the base price for each mulch, per ton, to hold mulch
from one month to the next.
Formulate a linear program that will help Miamitown to schedule delivery of mulch necessary to
meet anticipated demand, at the minimum cost possible.
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