Melony has developed a way to produce fuel for farm equipment. She plans to make it...
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Melony has developed a way to produce fuel for farm equipment. She plans to make it and sell it to local farmers. She can make a bio-fuel which has less emissions and less bi-product on crops and she can make a synthetic fuel. Local farmers can buy from Melony instead of big fuel companies who drive the price up and have high taxes. She sells the bio-fuel for $7 a gallon and sells the synthetic fuel for $4 a gallon. The bio-fuel uses 2.75 quarts of ingredient A, 1.25 quarts of ingredient B. The synthetic fuel uses 2 quarts of ingredient B and 2 quarts of ingredient C to make a gallon. She has 30 quarts of A, 50 quarts of B, and 30 quarts of C available. X₁ - # of gallons of bio-fuel to produce X2 - # of gallons of synthetic fuel to produce Max profit Z= Profit bio-fuel*X₁ + Profit of Synthetic *X₂ St. 2.75X1 Ingredient A 1.25X1 + 2X₂ <Ingredient B 2X2 Ingredient C prepare a table for solving Melony's optimization problem. Use the simplex Solver to solve. Melony cannot make partial gallons. Make sure to include two constraints in Solver to make X1 and X2 integers. Highlight the maximum profit blue, number of gallons of bio-fuel to produce in orange, and number of gallons of synthetic fuel to produce in green Melony has developed a way to produce fuel for farm equipment. She plans to make it and sell it to local farmers. She can make a bio-fuel which has less emissions and less bi-product on crops and she can make a synthetic fuel. Local farmers can buy from Melony instead of big fuel companies who drive the price up and have high taxes. She sells the bio-fuel for $7 a gallon and sells the synthetic fuel for $4 a gallon. The bio-fuel uses 2.75 quarts of ingredient A, 1.25 quarts of ingredient B. The synthetic fuel uses 2 quarts of ingredient B and 2 quarts of ingredient C to make a gallon. She has 30 quarts of A, 50 quarts of B, and 30 quarts of C available. X₁ - # of gallons of bio-fuel to produce X2 - # of gallons of synthetic fuel to produce Max profit Z= Profit bio-fuel*X₁ + Profit of Synthetic *X₂ St. 2.75X1 Ingredient A 1.25X1 + 2X₂ <Ingredient B 2X2 Ingredient C prepare a table for solving Melony's optimization problem. Use the simplex Solver to solve. Melony cannot make partial gallons. Make sure to include two constraints in Solver to make X1 and X2 integers. Highlight the maximum profit blue, number of gallons of bio-fuel to produce in orange, and number of gallons of synthetic fuel to produce in green
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Biofuel Sells for 7gallon Uses 275 quarts of Ingredient A per gallon Uses 125 quarts of Ingr... View the full answer
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Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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