Question: QUESTION TWO (25 Marks) The gulf Coast Foundry is developing a long-range strategic plan for buying scrap metal for its foundry operations. The foundry can

QUESTION TWO (25 Marks) The gulf Coast Foundry is

QUESTION TWO (25 Marks) The gulf Coast Foundry is developing a long-range strategic plan for buying scrap metal for its foundry operations. The foundry can buy scrap metal in unlimited quantities from two sources, Atlanta (A) and Birmingham (B), and it receives the scrap daily in railroad cars. The scrap is melted down, and lead and copper are extracted for use in the foundry processes. Each railroad car of scrap from Source A yields 1 ton of copper and 1 ton of lead and costs $10,000. Each railroad car of scrap from Source B yields 1 ton of copper and 2 tons of lead and costs $15,000. If the foundry needs at least 2.5 tons of copper and at least 4 tons of lead per-day for the foreseeable future, how many railroad cars of scrap should be purchased per day from Source Area and Source B to minimize the long-range scrap metal cost? Make a formulation of problem LP-1 ii. Write the eight steps in formulating LP Problems of the above case iii. Show the graphical solution of a maximization problem dan

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