Question: Use the following problem statement to answer questions 1-3. A company produces custom-blended whiskey. A particular blend consists of rye and bourbon whiskey. The company

 Use the following problem statement to answer questions 1-3. A company
produces custom-blended whiskey. A particular blend consists of rye and bourbon whiskey.

Use the following problem statement to answer questions 1-3. A company produces custom-blended whiskey. A particular blend consists of rye and bourbon whiskey. The company has received an order for a minimum of 400 gallons of the custom blend. The customer specified that the order must contain at least 30% rye and not more than 250 gallons of bourbon. The customer also specified that the blend should be mixed in the ratio of three parts rye to two parts bourbon. The company can produce less than 500 gallons regardless of the blend. The distillery company's cost per gallon is $1 for rye and $3 for bourbon. The company wants to determine the blend mix that will meet customer requirements and minimize total cost. [Note: X1= no. of gallons of rye. 2= no. of gallons of bourbon] Which of the following objective functions is correct? MaxZ=3X1+X2MinZ=X1+3X2MinZ0.3(400)x10.3(x1+x2)x20.3(x1+x2)

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!