subject
Business, 21.09.2019 04:10 daniel6760

Albert cornman makes his living buying and selling corn. on january 1 he has 50 tons of corn and $15,000 cash in his bank account. the bank pays an interest of 0.5% per month for the money in albert’s account. on the first day of each month albert can buy corn at the following prices per ton: jan $300, feb $350, mar $350, apr $500, may $500, jun $500. on the last day of each month he can sell corn at the following prices per ton: jan $250, feb $400, mar $350, apr $550, may $550, jun $600. albert stores his corn in a warehouse that can hold at most 100 tons of corn. the lease on the warehouse expires at the end of june; hence he must sell all of his corn by the end of june. each month corn loses 4% of its weight; that is, for instance, 50 tons of corn he owns on jan 1, weighs 0.96 * 50 = 48 tons on the last day of jan (and on the first day of feb, for the purpose of modeling). albert must pay cash for all corn at the time of purchase.(a) write a linear programming model to maximize albert cornman’s cash on hand at the end of june. define the decision variables clearly. explain the objective and constraints. b) solve part (a) in ampl. what is the optimal solution and the optimal objective value? print and attached your ampl code.(c) now on the first day of each month before buying corn, albert can borrow money from the bank at an interest rate of 1% per month. the total loan amount he carries cannot exceed 50% of the value of his corn, priced at $300 per ton for the purposes of loan by the bank. all loans must be paid back at or before the end of june. revise your formulation to model this new scenario.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 08:50
Comprehensive illustrative problem: mira's store on february 1 20a4 mica delaman opened astore that sells school supplies her main customer are the students and teachers of happy students school that is situated in front of her store. mira wanted to know the financial position of mira's store. mira knew you were studying accounting. so she asked for . 1. to start her business mira's opened a checking account in the name of mira's store . the statement of account from the bank shows that the checking account has a balance of 31,535 of december 31,20a4
Answers: 2
question
Business, 22.06.2019 10:20
The different concepts in the architecture operating model are aligned with how the business chooses to integrate and standardize with an enterprise solution. in the the technology solution shares data across the enterprise.
Answers: 3
question
Business, 22.06.2019 17:00
Can someone me ? i’ll mark the best answer brainliest : )
Answers: 1
question
Business, 22.06.2019 21:20
Rediger inc., a manufacturing corporation, has provided the following data for the month of june. the balance in the work in process inventory account was $28,000 at the beginning of the month and $20,000 at the end of the month. during the month, the corporation incurred direct materials cost of $56,200 and direct labor cost of $29,800. the actual manufacturing overhead cost incurred was $53,600. the manufacturing overhead cost applied to work in process was $52,200. the cost of goods manufactured for june was:
Answers: 2
You know the right answer?
Albert cornman makes his living buying and selling corn. on january 1 he has 50 tons of corn and $15...
Questions
question
History, 22.01.2021 20:30
question
Biology, 22.01.2021 20:30
question
Mathematics, 22.01.2021 20:30
Questions on the website: 13722359