2. Solve the LP using isocost method.Min Z = 2x + ys.t.x + y ≥52x + 6y ≥ 183x - y ≥ 3x-2y ≤4x, y ≥ 0

Linear Programming Problems (LPP): To find the optimal answer to a mathematical model, linear…

Answered: 2. Solve the LP using isocost method.…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Enbridge Inc. uses two types of crude oil (heavy and light) to make two types of gas (Gas 1 and Gas 2). We know that one barrel of crude results in one barrel of gas. - Gas 1 sells for $62/barrel, whereas Gas 2 sells for $72/barrel. - The cost per barrel of each crude, their availability, and the level of impurities in each crude are listed below: Light crude oil Heavy crude oil Cost per barrel Availability (barrels) Impurity percentage $56 $65 6,000 7,000 10% 2% - Up to 4,200 barrels of Gas 1 can be sold; no more than 65% of all gas that is produced can be Gas 2. - Gas 1 can contain up to 4% impurities and Gas 2 can contain up to 3% impurities. Use the following decision variables to formulate the linear programming model that maximizes their profit: H1 = amount of heavy crude used for Gas 1 (in barrels) H2 = amount of heavy crude used for Gas 2 (in barrels) L1 = amount of light crude used for Gas 1 (in barrels) L2 = amount of light crude used for Gas 2 (in barrels) Formulate the LP…
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2. Solve the LP using isocost method. Min Z = 2x + y s.t. x + y ≥5 2x + 6y ≥ 18 3x - y ≥ 3 x-2y ≤4 x, y ≥ 0