A farmer is planning the crops that will be planted in the upcoming season. The farmer can get $333.08 per metric ton o
Posted: Wed May 04, 2022 8:09 am
A farmer is planning the crops that will be planted in the
upcoming season. The farmer can get $333.08 per metric ton of
soybean, $119.42 per metric ton of barley, $143.80 per metric ton
of corn, and $202.64 per metric ton of wheat. The total
capacity of the farm is 350 metric tons of product. Based on
rising tariffs, at most, the soybeans should constitute 20% of the
total crop. Prices for barley and wheat have been declining,
so corn should at least be 150 metric tons.
Solve the linear program using Solver and write the strategy.
(10 pts)
Run a sensitivity analysis and identify the constraints that
are binding. (10 pts)
What is the change in the objective function value if the
minimum for corn was 100 metric tons and the farmer sold land that
could produce 50 metric tons of crop? (10 pts)
upcoming season. The farmer can get $333.08 per metric ton of
soybean, $119.42 per metric ton of barley, $143.80 per metric ton
of corn, and $202.64 per metric ton of wheat. The total
capacity of the farm is 350 metric tons of product. Based on
rising tariffs, at most, the soybeans should constitute 20% of the
total crop. Prices for barley and wheat have been declining,
so corn should at least be 150 metric tons.
Solve the linear program using Solver and write the strategy.
(10 pts)
Run a sensitivity analysis and identify the constraints that
are binding. (10 pts)
What is the change in the objective function value if the
minimum for corn was 100 metric tons and the farmer sold land that
could produce 50 metric tons of crop? (10 pts)