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Management Studies

A snack food manufacturer buys corn for tortilla chips from two cooperatives, one in Iowa and one in Illinois. The price per unit of the Iowa corn is $5.50 and the price per unit of the Illinois corn is $6.00

The objective function that represents the total cost can be formulated = TC = 5.5x1 + 6x2

A constraint equation that the manufacturer needs at least 12000 units of corn can be formulated = x1 + x 2 >=12000

A constraint equation that the Iowa cooperative can supply up to 8000 units can be formulated = x1 <= 8000

A constraint that the Illinois cooperative must supply at least 6000 units can be formulated = x1 <= 6000

Discussion Question

Discuss how the objective function that represents the total cost can be formulated = TC = 5.5x1 + 6x2

Discuss how the constraint equation that the manufacturer needs at least 12000 units of corn can be formulated = x1 + x 2 >=12000

Discuss how to use Graphical Solution Corner Points approach to solve for the optimal solution for this problem.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M93123610

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