LP Model help!
Posted on 2011-02-13
I've been having a difficult time with figuring out a problem using solver to figure our the following and come up with a graph.
First product pound contains 20% cp, 20% rb and 15% mb
Second product pound contains 30% cp, 25% rb and 10% mb
First product costs $90 for each pound
Second product costs $120 for each pound
I want to buy enough of both products to get at least 8 pounds of cp, 6 pounds of rb, and 5 pounds of mb while paying the least. For this, I'm using an LP model and trying to sketch a region but it's not making much sense as well as the optimal price.
Thank you in advance.