Formulate an algebraic model for the problem

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Question: Formulate an algebraic model for the problem and solve using LINGO. Summarize the solution in words.

A lumber store stocks dowels in one standard length of 200 cm. Each dowel costs $26.50. A customer wants the store to cut her at minimal cost thirty dowels of length 95 cm, fourteen dowels of length 63 cm, thirty-five dowels of length 37 cm, and fifty dowels of length 20 cm. She will receive a recycling credit of 5 cents per cm for any wood declared to be "waste".

Reference no: EM132834588

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