Question: Problem 1 . ABC Refining extracts minerals from ore mined at two different sites ( Site 1 and Site 2 ) . Ore mined from
Problem ABC Refining extracts minerals from ore mined at two different sites Site and Site
Ore mined from Site costs $ per ton, while ore from Site costs $ per ton to mine.
Each ton of ore from Site contains copper, zinc, and magnesium.
Each ton of ore from Site contains copper, zinc, and magnesium.
ABC Refining needs enough ore to extract at least tons of copper, at least tons of zinc, and at least tons of magnesium to fulfill their contracts. They would like to do so in a way that minimizes their total cost. How much ore do they need to mine from each of the sites?
a What are your decision variables Xs list them? What do they stand for units
b Write down your objective function and constraints below, include brief descriptionsexplanations on the right.
Delete or add rows as needed. Dont forget the nonnegativity constraint.
stsubject to the following constraints
c What is the solution use Excel Solver to solve the problem What does each variable x and the objective function equal to
d Managerial interpretation. What does your solution, above, mean in plain English? See the problemquestion this problem seeks to answer.
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