Question: Need objective function formula and contraints written out, then need to put it all on excel spreadsheet and use excel solver to find the answer.

Need objective function formula and contraints written out, then need to put

Need objective function formula and contraints written out, then need to put it all on excel spreadsheet and use excel solver to find the answer. Final answer is given at the bottom. Thank you

A chemical company wishes to mix three elements ( E,F, and G ) to create three alloys ( X,Y, and Z). The costs of the elements are as shown in the following table. To maintain the required quality for each alloy, it is necessary to specify certain maximum or minimum percentages of the elements. These are as shown in the following table. The usage of each element is limited to 5,000 tons, and the total usage of all three elements is limited to 10,000 tons. Further, due to the relatively uncertain demand for alloy Z, the company would like to ensure that Z constitutes no more than 30% of the total quantity of the three alloys produced. Determine the mix of the three elements that will maximize profit under these conditions. A chemical company wishes to mix three elements ( E,F, and G ) to create three alloys ( X,Y, and Z). The costs of the elements are as shown in the following table. To maintain the required quality for each alloy, it is necessary to specify certain maximum or minimum percentages of the elements. These are as shown in the following table. The usage of each element is limited to 5,000 tons, and the total usage of all three elements is limited to 10,000 tons. Further, due to the relatively uncertain demand for alloy Z, the company would like to ensure that Z constitutes no more than 30% of the total quantity of the three alloys produced. Determine the mix of the three elements that will maximize profit under these conditions

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!