Question: From the Regular / Premium gas example that we covered in class ( Example 1 5 . 1 in the book ) : a )
From the RegularPremium gas example that we covered in class Example in the book:
a Use Simplex method to maximize the profits by hand". You can use Excel if you want, but do every operation you would do by hand, and print every intermediate Simplex matrix
b Use the Excel Solver to maximize the profits. Which constraints is limiting profit?
c To increase profits, the company wants to buy new equipment that can process gas more efficiently, so the plant will be able to process up to week of raw gas and increase production time to eek. Will you have enough storage for the new product amounts?
d The equipment vendor is selling the new equipment for $ If of the additional weekly profit obtained from the purchase of the equipment is used to make a weekly payment to the vendor, in how many weeks will you finish paying the new equipment? Assume that the vendor is not charging any interest and accepts weekly payments
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