A steel company has two mills. Mill 1 costs $70,000 per day to operate, and it can produce 400 tons of high-grade steel, 500 tons of medium-grade steel, and 450 tons of low-grade steel each day. Mill 2 costs $60,000 per day to operate, and it can produce 350 tons of high-grade steel, 600 tons of medium-grade steel, and 400 tons of low-grade steel each day. The company has orders totaling 100,000 tons of high-grade steel, 150,000 tons of medium-grade steel, and 124,500 tons of low-grade steel. How many days should the company rum each mill to minimize its costs and still fill the orders?

Operations Research : Applications and Algorithms
4th Edition
ISBN:9780534380588
Author:Wayne L. Winston
Publisher:Wayne L. Winston
Chapter3: Introduction To Linear Programming
Section: Chapter Questions
Problem 50RP
icon
Related questions
Question

Solve the LP using simplex Method

A steel company has two mills. Mill 1 costs $70,000 per day
to operate, and it can produce 400 tons of high-grade steel,
500 tons of medium-grade steel, and 450 tons of low-grade
steel each day. Mill 2 costs $60,000 per day to operate, and it
can produce 350 tons of high-grade steel, 600 tons of
medium-grade steel, and 400 tons of low-grade steel each day.
The company has orders totaling 100,000 tons of high-grade
steel, 150,000 tons of medium-grade steel, and 124,500 tons
of low-grade steel. How many days should the company run
each mill to minimize its costs and still fill the orders?
Transcribed Image Text:A steel company has two mills. Mill 1 costs $70,000 per day to operate, and it can produce 400 tons of high-grade steel, 500 tons of medium-grade steel, and 450 tons of low-grade steel each day. Mill 2 costs $60,000 per day to operate, and it can produce 350 tons of high-grade steel, 600 tons of medium-grade steel, and 400 tons of low-grade steel each day. The company has orders totaling 100,000 tons of high-grade steel, 150,000 tons of medium-grade steel, and 124,500 tons of low-grade steel. How many days should the company run each mill to minimize its costs and still fill the orders?
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 4 images

Blurred answer
Knowledge Booster
Linear Programming Concepts
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, computer-science and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Operations Research : Applications and Algorithms
Operations Research : Applications and Algorithms
Computer Science
ISBN:
9780534380588
Author:
Wayne L. Winston
Publisher:
Brooks Cole