The Farwell Company has just received a contract to produce 12,000 garden hoses for a large discount chain. Farwell has
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The Farwell Company has just received a contract to produce 12,000 garden hoses for a large discount chain. Farwell has
The Farwell Company has just received a contract to produce 12,000 garden hoses for a large discount chain. Farwell has identified four different machines that can be purchased to produce this kind of hose. Because these machines are from different manufacturers and use differing technologies, their specifications are not the same Machine Variable Cost Per Hose Capacity Fixed Cost to Set Up Production Run 750 500 1000 300 1 2 3 1.25 1.50 1.00 1.00 6000 7500 4000 5000 Due to production constraint, machine 3 cannot be purchased if machine 1 is used. The company to decide on the best machine to purchase in order to able to meet the production requirements. Formulate an MIP model for this problem to minimize total cost and solve it.
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