Question: Formulating a linear programming model for this problem of United Aluminum Company of Cincinnati: The objective is to minimize the cost of operating the mills
Formulating a linear programming model for this problem of United Aluminum Company of Cincinnati:
The objective is to minimize the cost of operating the mills while meeting the contract requirements.
Lex X be the number of days to operate the mill and x be the number of days to operate mill
Decision Variables:
X: Number of days to operate Mill
X: Number of days to operate Mill
Objective Function:
Zxx
Constraints:
Production Requirements: Aluminum grade:
High: xx
Medium: xx
Low: xx
Nonnegativity:
X X
The objective function minimizes the mills' overall operating costs.
Each constraint guarantees that the overall output of each aluminum grade equals or exceeds the stipulated quantity.
The nonnegativity condition assures that the number of days of operation is not negative.
This linear programming model will assist the United Aluminum Company of Cincinnati in determining the ideal number of operating days for each mill while satisfying contract criteria at the lowest possible cost.
Solve the linear programming model formulated in Problem for United Aluminum Company by using the computer.
a Identify and explain the shadow prices for each of the aluminum grade contract requirements.
b Identify the sensitivity ranges for the objective function coefficients and the constraint quantity values.
c Would the solution values change if the contract requirements for highgrade aluminum were increased from tons to tons? If yes, what would the new solution values be
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