Quantitative Methods for Business



Quantitative Methods for Business

Linear Program Model for cost minimization transportation schedule

Min (Cost) = (25 + 38)*X1 + (27 + 34)*X2 + 57*X3 + (27 + 42)*X4 + (27 + 45)*X5

Min (Cost) = 63*X1 + 72*X2 + 57*X3 + 69*X4 + 72*X5 + 61000

Subject to the following Constraints:

X1 20000

X2 25000

X3 18000

X4 19000

X5 21000

X1 + X2 + X3 + X4 + X5 110,000

Where,

X1 = Number of tons of paint provided to Wholesaler 1.

X2 = Number of tons of paint provided to Wholesaler 2.

X3 = Number of tons of paint provided to Wholesaler 3.

X4 = Number of tons ...