The Feed 'N Ship Ranch fattens cattle for local farmers and ships them to meat markets in
Question:
The Feed 'N Ship Ranch fattens cattle for local farmers and ships them to meat markets in Kansas City and Omaha. The owners of the ranch seek to determine the amounts of cattle feed to buy so that minimum nutritional standards are satisfied, and at the same time total feed costs are minimized. The feed mix can be made up of the three grains that contain the following ingredients per pound of feed:
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The cost per pound of stocks X, Y, and Z are $2, $4, and $2.50, respectively. The minimum requirement per cow per month is 4 pounds of ingredient A, 5 pounds of ingredient B, 1 pound of ingredient C, and 8 pounds of ingredient D.
The ranch faces one additional restriction: it can only obtain 500 pounds of stock Z per month from the feed supplier regardless of its need. Because there are usually 100 cows at the Feed 'N Ship Ranch at any given time, this means that no more than 5 pounds of stock Z can be counted on for use in the feed of each cow per month.
(a) Formulate this as an LP problem.
(b) Solve using LPsoftware.
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...
Step by Step Answer:
a Let X 1 number of pounds of stock X purchased per cow each month ...View the full answer
Quantitative Analysis for Management
ISBN: 978-0132149112
11th Edition
Authors: Barry render, Ralph m. stair, Michael e. Hanna
