A gold processor has two sources of gold ore,

Reference no: EM13220355

A gold processor has two sources of gold ore, source A and source B. In order to keep his plant running, at least three tons of ore must be processed each day. One from source A costs $20 per ton to process, and ore from source B costs $10 per ton to process. Costs must be kept to less than $80 per day. Moreover, Federal Regulations require that the amount of ore from source B cannot exceed twice the amount of ore from source A. If ore from source A yields 2 oz. of gold per ton, and ore from source B yields 3 oz. of gold per ton, how many tons of ore from both sources must be processed each day to maximize the amount of gold extracted subject to the above constraints?
a) How can you predict what the future
b) Express the objective function and the constraints.
c) Graph the constraints.
d) Find the corner points to the region of feasible solutions.
e) Evaluate the objective function at all the feasible corner points
f) A qualified management accountant has seen your calculations and provided you with a long list of other matters that need to be taken into accounts such as competitors' actions, the large number of other

Reference no: EM13220355

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