Quantitative Analysis for Management, 13/e

M7.4 Solving Minimization Problems

Now that we have discussed how to deal with objective functions and constraints associated with minimization problems, let’s see how to use the simplex method to solve a typical problem.

The Muddy River Chemical Corporation Example

The Muddy River Chemical Corporation must produce exactly 1,000 pounds of a special mixture of phosphate and potassium for a customer. Phosphate costs $5 per pound and potassium costs $6 per pound. No more than 300 pounds of phosphate can be used, and at least 150 pounds of potassium must be used. The problem is to determine the least-cost blend of the two ingredients.

In Action Linear Programming Modeling in the Forests of Chile

Faced with a series of challenges in making short-term ...