The Big Bang Explosives Company Produces Customized Blasting Compounds for Use

question 9

Essay

The Big Bang explosives company produces customized blasting compounds for use in the mining industry.The two ingredients for these explosives are agent A and agent B.Big Bang just received an order for 1400 pounds of explosive.Agent A costs $5 per pound and agent B costs $6 per pound.The customer's mixture must contain at least 20% agent A and at least 50% agent B.The company wants to provide the least expensive mixture which will satisfy the customers requirements.
a.Formulate the LP model for this problem.
b.Solve the problem using the graphical method.

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Definitions:

Ordinary Annuity

Uniform financial contributions dispensed at the end of sequential stages for a prescribed period.

Compounded Annually

Refers to the process of applying interest to both the initial principal and the accumulated interest over the past year.

RRSP

A Registered Retirement Savings Plan, a government-approved program in Canada that allows individuals to save for retirement on a tax-deferred basis.

Purchasing Power

The purchasing power of a currency represented through the quantity of goods or services a single unit can acquire.