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(page 2 of 4) |
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(page 2 of 4) |
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We need to define our objective function in terms of the variables that we defined for this problem. We are interested in maximizing our profits, so our objective function should express our total profits in terms of our variables. We need to include profit from sales and the expense of the raw materials. We can write our profits as: |
(click on this figure to see the problem again)
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Profit = $13 FG + $15 RFG - $2 (0.5 FG+0.25 RFG) - $3 (0.5 FG + 0.75 RFG) We can simplify this expression to: Profit = $10.5 FG + $12.25 RFG |
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Therefore our objective function is: |
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