Set this up as an lp problem

Assignment Help Microeconomics
Reference no: EM13879664

A steel factory that uses coal as its major source of energy causes three primary types of air pollution by releasing (1) particulate matter, (2) sulfur oxides, and (3) hydrocarbons. These three types of air pollution are caused by blast furnaces and open-hearth furnaces used in producing steel. The state has just passed a new clean air bill, which means that this factory must reduce its annual emission rate of particulates by 60 million pounds, sulfur oxides by 150 million pounds, and hydrocarbons by 125 million pounds. There are six pollution-abatement techniques (three for each type of furnace) that the factory can use to reduce air pollution. These six techniques, along with their per unit reduction for each pollutant, and their estimated annual cost per unit are listed below:

Taller Smokestacks                          Filters                              Better fuels

 

 

Blast

Open- Hearth

 

Blast

Open- Hearth

 

 

Blast

Open- Hearth

Pollutant

Furnace

Furnace

Furnace

Furnace

 

Furnace

Furnace

(per unit reduction in million pounds)

Particulate

12

9

25

20

 

17

13

Sulfur Oxides

35

42

18

31

 

56

49

Hydrocarbons

37

53

28

24

 

29

20

Cost/Unit

$80,000

$100,000

$70,000

$60,000

 

$110,000

$90,000

 

Assume that the factory's sole objective is to minimize the total cost of reducing emis- sions of these three pollutants to the new government standards by using any combina- tion of the six pollution abatement techniques. Set this up as an LP problem.

Reference no: EM13879664

Questions Cloud

What strengths can be found about family life : What strengths can be found about family life from the content in the assigned readings? What specific challenges were identified? What are the two most salient ideas in the readings that are meaningful to you personally and/or professionally
Briefly describe the five different types of society : Briefly describe the five different types of society, using the text. Would you prefer to grow up in a hunting and gathering society, a horticultural society and a pastoral society.
Plate gray for the prescribed conditions : Under steady-state conditions measurements made with a radiation detector above the top surface indicate a radiosity (which includes transmission, as well as reflection and emission) of J = 5000 W/m2, while the plate is at a uniform temperature of..
How can firms and markets increase wealth of poor countries : How can firms and markets increase the wealth of poor countries?
Set this up as an lp problem : Assume that the factory's sole objective is to minimize the total cost of reducing emis- sions of these three pollutants to the new government standards by using any combina- tion of the six pollution abatement techniques. Set this up as an LP pro..
Money supply in comparison to changes in market operations : Why do changes in reserve requirements have less predictable effects on the money supply in comparison to changes in open market operations? If a $10,000 par T-Bill has a 3.75% discount quote and a 90-day maturity, what is the price of the T-Bill to ..
Prepare a poster of any communicable disease choice : Prepare a poster of any communicable disease choice, outlining disease and its critical communicable elements. The poster content and layout will include at least 5 epidemiological questions that need to be asked in a disease outbreak.
What rate will you be quoted on the loan : Suppose you borrow $15,000 and then repay the loan by making 12 monthly payments of $1,297.92 each. What rate will you be quoted on the loan? What is the effective annual rate you are paying? A 15-year corporate bond pays $40 interest every six month..
Summarize article-probability discounting of gain and losses : You will need to summarize and comment on the two following articles - Probability Discounting of Gains and Losses: Implications for Risk Attitudes and Impulsivity

Reviews

Write a Review

Microeconomics Questions & Answers

  Do drug bans increase or decrease drug-related crime

Pharmaceutical drugs have an inelastic demand, and computers have an elastic demand. Suppose that technological advance doubles the supply of both products (that is, the quantity supplied at each price is twice what it was).

  Differences in demand and price elasticities of demand

Select three goods or services that would have important differences in demand and price elasticities of demand for Christians as compared to non-Christians and describe why these differences would occur and what dissimilarity it would make to market..

  If pizzos firms marginal cost curve is 296qb where qb is

james pizzo is president of a firm that is the industry price leader that is it sets the price and the other firms sell

  Ben allocates his lunch budget between two goods

Consumers in Georgia pay twice as much for avocados as they do for peaches. However, avocados and peaches are the same price in California

  Write the model in matrix form on the given question

Write the model in matrix form. Assume the government expenditure G0 = 110, export X0 = 40, and import M0 = 90. What are the equilibrium output, consumption, investment, and taxes in this economy?

  Determine challenger minimum cost of life

VMIC Corporation has asked you to look at the following data. The interest rate is 10 percent.

  What is the labor force participation rate

What is the labor force participation rate - What was the labor force participation rate in 2008? How has it changed since 2008 and what does this change imply for the state of the economy?

  Application of price elasticity of demand

The Haas Corporation's executive vice president circulates the memo to the firm's top management in which he argues for reduction in price of firms product. He says such a price cut will raise the firms sales and profits.

  A number of legal firms now offer services on the internet1

a number of legal firms now offer services on the internet.1. in what respects does the market for legal services such

  Determine the total amount owed and income generated

Draw a cash flow diagram for each option - Determine the total amount owed and income generated at the end of the four years

  Flexible exchange rate system

(a) Consider an economy operating under a flexible exchange rate system. It isencountering a recession and also having a balance of payments deficit. At the sametime it is also encountering inflationary pressure. Analyse what would be the suit..

  What will happen to the demand curve for the product

What is the equilibrium price and quantity for oven mittens? Using Microsoft Excel, construct a table that shows the quantity demanded, the quantity supplied, and the surplus or shortage associated with prices from $2 to $5.55.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd