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Linear Programming model
The Kalo Fertilizer Company makes a fertilizer using two chemicals that provide nitrogen, phosphate, and potassium. A pound of ingredient 1 contributes 10 ounces of nitrogen and 6 ounces of phosphate, while a pound of ingredient 2 contributes 2 ounces of nitrogen, 6 ounces of phosphate, and 1 ounce of potassium. Ingredient 1 costs $ 3 per pound, and ingredient 2 costs $ 5 per pound. The company wants to know how many pounds of each chemical ingredient to put into a bag of fertilizer to meet the minimum requirements of 20 ounces of nitrogen, 36 ounces of phosphate, and 2 ounces of potassium while minimizing cost.
a. Formulate a linear programming model for this problem. (Use QM excel method)
b. Solve this model by using graphical analysis
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Human Resource Perspective - Go to the website of US Bureau of Labour Statistics BLS
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