BBest Ink Printing Co

question 9

Essay

BBest Ink Printing Co. received an order to print a minimum of 50,000 tickets for a concert. They have three printing machines available to meet the order they received. The set-up cost of these machines and the unit cost/ticket printed using each machine along with their maximum production are provided in the table below:
a. Formulate a binary integer linear programming model to find two machines that could be used to print the required number of tickets in order to minimize the cost.
b. Solve the problem in part a.

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Definitions:

Future Income

Anticipated earnings or revenue in the coming periods, often considered in the context of budgeting and financial planning.

Durability

The ability of something to withstand wear, pressure, or damage, thus extending its useful life.

Proximity

The physical or psychological closeness between people, which can influence relationships and social interactions.

Similarity

The state of being alike or having attributes in common, often used to describe relationships or comparisons between objects, ideas, or individuals.