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[See] Mixed BIP/Resource Allocation Problem (20 pts) M M Industries manufactures four products. The daily labor and raw materials required are given in

Question: Mixed BIP/Resource Allocation Problem (20 pts)

M & M Industries manufactures four products. The daily labor and raw materials required are given in the table below.

Product Required daily labor (hr/unit) Required daily raw material (lb/unit)
1 2 4
2 6 4
3 3 5
4 4 2

The unit profits are $25, $30, $27, and $32, respectively. M&M has three sites for locating its plant. The three sites differ primarily in the availability of labor and raw materials, as shown below. It wants to choose only one site. M&M wants to determine the optimal product mix that maximizes total profit with one site chosen.

Site Available daily labor (hrs) Available daily raw materials (lb)
1 200 200
2 150 250
3 240 150
  1. Formulate the problem algebraically as a mixed binary integer program, by defining the decision variables, the objective function and the constraints
  2. Determine the optimal solution using Solver.

[ Note: Formulate and s olve as a single linear program , not three separate linear programs ].

Price: $2.99
Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document


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