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In the Reddy Mikks model, suppose that a third type of paint, named "marine," is produced. The requirements per ton of raw materials M1 and M2 are .5 and.75 ton, respectively. The daily demand for the new paint lies between .5 ton and 1.5 tons and the profit per ton is $3.5 (thousand). Modify the Excel Solver model solverRM2.xls and the AMPL model to account for the new situation and determine the optimum solution. Compare the additional effort associated with each modification.

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Financial Accounting, Accounting

Category:- Financial Accounting
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