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A company produces 2 (two) different grades of gasoline – regular and premium from 3(three) components (1,2,3). The company wants to determine the optimal mix of the three components in each grade of the gasoline that will maximize profit. The maximum quantities available for each component and their cost per gallon are as follows: Component Cost per gallon maximum gallons available per day 1 2.50 5,000 2 2.60 10,000 3 2.84 10,000 In order to ensure the appropriate blend, each grade has certain specifications as follows: Grade Component Specs Selling Price per gallon Regular At most 30% component 1 At least 40% component 2 At most 20% component 3 2.90 Premium At least 25% component 1 At most 45% component 2 At Least 30% component 3 3.00 The company wants to produce at least 10,000 gallons of each grade of gasoline. Formulate a LP model including the ratio constraints, production constraints and the objective function for this question.
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Your firm is considering exporting to two countries: Kenya and Vietnam. However, management’s knowledge about these countries’ trade policies and barriers is limited. Conduct a search using GlobalEdge and other sources to identify the current import ..
Burger Office Equipment produces two types of desks, standard and deluxe. Deluxe desks have oak tops and more-expensive hardware and require additional time for finishing and polishing. Standard desks require 80 board feet of pine and 10 hours of lab..
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Which one of the methods for conveying the promotional message is best illustrated in the article? Explain why.?
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You are the CEO of a US company that manufactures tractors in the United States. The company has a patent on a proprietary technology which is used in the manufacturing of these tractors. The company wants to enter Brazil and China markets. What type..
What is the Impacts of Organizational Behavior in Business? How to Explain the Importance of Organizational Behavior.
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