The Fagersta Steelworks currently is working two mines to obtain its iron ore. This iron ore is

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The Fagersta Steelworks currently is working two mines to obtain its iron ore. This iron ore is shipped to either of two storage facilities. When needed, it then is shipped on to the company's steel plant. The diagram below depicts this distribution network, where M1 and M2 are the two mines, S1 and S2 are the two storage facilities, and P is the steel plant. The diagram also shows the monthly amounts produced at the mines and needed at the plant, as well as the shipping cost and the maximum amount that can be shipped per month through each shipping lane.
40 tons $2,000/ton s1 produced (M1 30 tons max. $400/ton 70 tons max. 100 tons needed $800/ton 70 tons max. $1,100/ton 6

Management now wants to determine the most economical plan for shipping the iron ore from the mines through the distribution network to the steel plant.
a. Identify all the requirements that will need to be expressed in fixed-requirement constraints.
b. Formulate and solve a linear programming model for this problem on a spreadsheet.
c. Express this model in algebraic form?

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Modern Advanced Accounting In Canada

ISBN: 9781259066481

7th Edition

Authors: Hilton Murray, Herauf Darrell

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