Question

Q1. Use the Simplex Method and Solver program? a) A branch of mining company plans to sell two types of GRANITE at costs of $250/ton and $400/ton, respectively. The $250/ton product yields a profit of $40 and the $400/ton product yields a profit of $55. The company estimates that the total monthly demand of Granite will not exceed 250 tons. Find the number of tons of each product that should be stocked in order to maximize the profit. Assume that the company does not want to invest more than $100,000 in this quarry.

Answer 1

The Solution is ::