LInear Programing Problems on Matlab
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Is there an easy way to use matlab to perform linear programming problems instead of using Excel???
For example:
2. ABC Aluminum Company produces three grades (high, medium, and low) of aluminum at two mills. Each mill has a different production capacity (in tons per day) for each grade, as follows:
Mill
Aluminum Grade 1 2
High 6 2
Medium 2 2
Low 4 10
The company has contracted with a manufacturing firm to supply at least 12 tons of high-grade aluminum, 8 tons of medium-grade aluminum, and 5 tons of low-grade aluminum. It costs ABC Aluminum $6,000/day to operate mill 1, and $7,000/day to operate mill 2. The company wants to know the number of days to operate each mill in order to meet the contract at minimum cost. Formulate a LP model and solve.
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