Class Notes (811,060)
Commerce (728)
COMM 163 (5)
Lecture

# BDM (Y. Levin)

3 Pages
117 Views

School
Queen's University
Department
Commerce
Course
COMM 163
Professor
Yuri Levin
Semester
Fall

Description
BDM Sept 28th Notebook: 163 Created: 28/09/2011 11:33 AM Updated: 28/09/2011 12:38 PM Chandler (1) Input 1 Prod 1 Mix Input 2 Prod 2 1. Decisions: n*m decisions (introduced in a table) Crude 1 mix with Crude 2 in order to make 2 products Gas Heating oil Crude 1 X11 X12 X11 + X12 Crude 2 X21 X22 X21 + X22 X11+X21 X12+X22 Given that Xij is the amount of Crude i in Product j. ie, i = 1,2 j = 1, 2 Constraint - quality level constraints: Gasoline must have average quality level of 8 - Actual quality >= required quality - 10X11+5X21 >= 8(X11+X21) don't need to /2 here, it's already weighted average Heating must have average quality level of 6 - 10X11+5X21 >= 6(X12+X22) multiply by total amount of heating oil? Resource constraint: X11+X12 <= 5000 X21+X22 <= 10,000 Non negativity constraint: Xij >= 0, i = 1, 2; j = 1, 2 Objective max profit: (25 - 0.20)(X11+X21) + (20-0.10)(X12+X22) WHY DO YOUSUBTRACT 0.20 from GAS AND 0.10 FROM OIL Julia's Food booth case Inputs: C1 = \$1000 (Cost of booth per game) She can sell either food or drinks, but not both C2 = Cost of leasing a warming oven for the 6 game home season Over has 16 shelves, which is 3ft x 4ft Fill the oven with 3 items twice per game
More Less

Related notes for COMM 163

OR

Don't have an account?

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Join to view

OR

By registering, I agree to the Terms and Privacy Policies
Just a few more details

So we can recommend you notes for your school.