The total weight of the available beef

Assignment Help Financial Management

Reference no: EM131332238

A ship has a single cargo hold which has a weight capacity of 70,000 pounds and a volume capacity of 30,000 cubic feet. The shipowner has contracted to carry loads of packaged beef. The total weight of the available beef is 65,000 pounds; the total weight of the available grain is 75,000 pounds. The volume per mass of the beef is 0.2 cubic foot per pound, and the volume per mass of the grain is 0.4 cubic foot per pound. The profit for shipping beef is $0.35 per pound, and the profit for shipping grain is $0.12 per pound. The shipowner is free to accept all or part of the available cargo; he wants to know how much meat and grain to accept in order to maximize profit.

Linear Programming Model

Objective Function (Max or Min):

subject to

Volume:

Weight Capacity

Beef Weight

Grain Weight

Non-negativity

Optimal Solution:

Beef =

Grain =

Profit = $

Reference no: EM131332238

Questions Cloud

Calculate payback period for this project : Pappy’s Potato has come up with a new product, the Potato Pet (they are freeze-dried to last longer). Pappy’s paid $133,000 for a marketing survey to determine the viability of the product. It is felt that Potato Pet will generate sales of $588,000 p..

Post brief description of the group member role : Post brief description of the group member role that might be most challenging to you as a group leader and explain why. Then, explain a skill you might use for overcoming that challenge

What is your maximum loss on the share : Shares of CDT have been trading on the New York Stock Exchange over the last 35 years from a low of $2 to a high of $62. You buy one share of CDT today for the price of $25. What is your maximum loss on the share?

Which equilibrium emerges in practice in the population : Suppose that the males and females of a particular animal species have two types of behavior: - Which equilibrium emerges in practice in the population depends on the initial conditions.

The total weight of the available beef : A ship has a single cargo hold which has a weight capacity of 70,000 pounds and a volume capacity of 30,000 cubic feet. The shipowner has contracted to carry loads of packaged beef. The total weight of the available beef is 65,000 pounds; the total w..

How many tons of gravel-sand should be purchased each day : The Sureset Concrete Company produces concrete. Two ingredients in concrete are sand (costs $6 per ton) and gravel (costs $8 per ton). Sand and gravel together must make up exactly 75% of the weight of the concrete. Also, no more than 40% of the conc..

What would be the advantages and disadvantages to company : Do you feel that companies should allow this additional access to external users? What would be the advantages and disadvantages to both the users and the company? Explain.

Key part of volume-cost-analysis : One of the following statements about the DuPont model is incorrect: It is a key part of volume-cost-analysis

Post a brief description of the engagement skill : Post a brief description of the engagement skill you selected from the video. Then explain how the social worker from the video expressed that skill when working with Helen and Stephanie. Finally, explain the effectiveness of the skill the social ..

User Account

All Pages