Develop and solve a linear optimization model

Reference no: EM131939375

Young Energy operates a power plant that includes a coal-fired boiler to produce steam to drive a generator. The company can purchase different types of coals and blend them to meet the requirements for burning in the boiler. The table below shows the characteristics of the different types of coals:

869_characteristics of the different types of coals.png

The required BTU/lb must be at least 11,900. In addition, the ash content can be at most 12.2% and the moisture content at most 9.4%. Develop and solve a linear optimization model to find the best coal blend for Young Energy. Explain how the company might reduce its costs by changing the blending restrictions.

Reference no: EM131939375

Questions Cloud

Budget and make the largest amount of money : How can the organization best use its budget and make the largest amount of money?

Art has come out with new and improved product : ART has come out with a new and improved product. What price do you expect ART shares to sell for in 4 years?

Develop a strategic plan to address the problems : Provide an assessment of skills needed to complete action steps, as well as your plan on developing such skills.

Markets three blends of oriental tea : The International Chef, Inc. markets three blends of oriental tea: premium, Duke Grey, and breakfast. The firm uses tea leaves from India, China

Develop and solve a linear optimization model : Develop and solve a linear optimization model to find the best coal blend for Young Energy. Explain how the company might reduce its costs

What is the purpose of the trade practices act 1974 : BSBSLS502 - What is meant by Equal Opportunity and What is the purpose of the Trade Practices Act 1974 - Describe the importance of ethics in a sales role

Financing costs of additional receivables : You will have to compare additional profits with increase in bad debt expense and financing costs of additional receivables.

What was the annual return on investment : A stock was purchased at $23, sold exactly two years later at $25.50, and paid a $0.70 dividend per year. What was the annual return on investment?

What is the yield of the project debt : A firm has decided to take on a positive-NPV project. what is the yield (net of taxes) of the project’s debt?

User Account

All Pages