In this exercise we examine a generalization of Application 1.2, concerning assortment of structural steel beams. In the discussion of that application, we assumed that if we must cut a beam of length 5 units to a length of 2 units, we obtain a single beam of length 2 units; the remaining 3 units have no value. However, in practice, from a beam of length 5 we can cut two beams of length 2; the remaining length of 1 unit will have some scrap value. Explain how we might incorporate the possibility of cutting mUltiple beam lengths (of the same length) from a single piece and assigning some salvage value to the scrap. Assume that the scrap has a value of ß per unit length.

 

Answer rating: 100% (QA)

Solution Length of beam 5 units Lo Scrap value B unit units length req... View the full answer