jeroen79
Oct 26th, 2006, 03:07 PM
F=C*9+W*3
L=C*0.75+W*1
P=C*60+W*40
and
W=6000-C
Rassis
Oct 27th, 2006, 03:21 AM
Being C the number of ha to be planted with Corn and W with Wheat, we have:
Objective function: max.P = 60.C+ 40.W
Sbject to the constraints:
9.C + 3.W <= 40,500
3/4.C + 1.W <= 5,250
C + W = 6,000
C >= 0
W >= 0
The Simplex method or the Excel Solver will return:
C = 3,750 ha and W = 2,250 ha.
Max P = £ 315,000
See the attached Excel file.