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Allocating Plant Output A firm owns five manufacturing plants that are responsible for the quarterly production of an industrial solvent. The production process exhibits diseconomies of scale. At plant p, the cost of making x thousand pounds of the solvent is approximated by the quadratic function f(x) ¼ (1/cp)x2 . The parameters cp are plant dependent, as shown in the table
P
1
2
3
4
5
cP
6
8
The quarterly volume requirement is 50,000 pounds.
How should production be allocated among the five plants in order to minimize the total cost of meeting the volume requirement?
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dear experti have attached word file please have a look and read carefully about the requirements i need good wok with
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