BulgurCom has a wheat warehouse with a capacity of 19,000

BulgurCom has a wheat warehouse with a capacity of 19,000 bushels. At the beginning of month 1, company has 12,000 bushels of wheat. Each month, wheat can be bought and sold at the price per 1000 bushels given in table below.

Month:                        1 2 3 4 5 6 7 8 9 10 

Selling Price ($):         6 4 7 8 4 7 5 5 3 2 

Purchasing Price ($): 8 9 2 7 4 5 3 7 5 3

The sequence of events during each month is as follows:

  1. You observe company’s initial stock of wheat. Cost of holding 1000 bushels at the inventory is

    1$ per month.

  2. You can sell any amount of wheat up to company’s initial stock at the current month’s selling

    price.

  3. You can buy (at the current month’s buying price) at most 22,000 bushels in a month.

Your goal is to formulate an LP that can be used to determine how to maximize the profit earned over the next 10 months.

 

Leave a Comment

Your email address will not be published. Required fields are marked *

GradeEssays.com
We are GradeEssays.com, the best college essay writing service. We offer educational and research assistance to assist our customers in managing their academic work. At GradeEssays.com, we promise quality and 100% original essays written from scratch.
Contact Us

Enjoy 24/7 customer support for any queries or concerns you have.

Phone: +1 213 3772458

Email: support@gradeessays.com

© 2020 -2025 GradeEssays.com. All rights reserved.

WE HAVE A GIFT FOR YOU!

15% OFF 🎁

Get 15% OFF on your order with us

Scroll to Top