Question: If you were making only one batch, what is the best batch you could make? What is the profit associated with this batch? You will

  1. If you were making only one batch, what is the best batch you could make? What is the profit associated with this batch? You will answer this question by creating a linear optimization model in Excel. Discuss your findings in a text box. If it's possible to walk through your process in Excel in the answer that'd be cool thanks.

  2. Table 1. Raw materials optimization.
    Rate / Ton (in rupees)RecoveryMinimum per Batch (% of RM)Maximum per Batch (% of RM)Maximum per Month (in tons)
    Tasla17,0000.840%50%800
    Rangeen13,6000.740%25%500
    Sponge17,8000.8510%50%1,000
    Local Scrap20,0000.9415%80%1,000
    Imported Scrap23,0000.970%80%1,500
    HC2,5000.250%20%300
    Pig Iron20,4000.955%10%500
    Price / ton29,000
    Other consumables/ton2,000
    Salary / batch3,000
    Electricity unit cost4.30
    # of working days/month                   25
    # of hours/day                   24
    Maximum kg per batch4,000
    RM = raw materials

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Linear Optimization Model The best batch of steel can be optimized by creating a linear optimization model in Excel This model will account for the cost of raw materials the maximum capacity of each r... View full answer

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