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Resolved Question: Help with Maths calculus - Probability question. Need help please...
Hi,
I have a question I desperately need assistance with. I would be very very grateful if someone could help me get to the answer for this question as soon as possible please.
I know its long and tedious but any help would be much appreciated!
Question is::::
As you know, Chemproc, Inc. is a premier manufacturer of chemicals and chemical waste. Further, as has been recently highlighted on the local news, we are in the process of expanding our Lonlinc, Skanebra chemical manufacturing plant to add two or three new products to our elegantly packaged and painstakingly marketed product line, which will result in our hiring at least four local workers. Our engineers have, however, determined that for these products to be successful in the competitive market into which we are making our foray we must be careful to obtain the absolute highest profit possible from our overall production.
We are for reasons of corporate secrecy unable to reveal the exact names of the products that we will be producing, and therefore refer to them herein as products X and Y (for the case in which two products are produced), respectively. We will be manufacturing x and y units of these per day, and expect to realise a profit of £a and £b per unit respectively per unit on each of the products (again, we are unable to divulge the actual values determined by our marketing department).
The actual number of units of these that we are able to produce is, however, limited by the number of person-hours that the newly hired local workers have available for this production process on any given day. This will be L person-hours. To manufacture one unit of X requires c person-hours, and the hours required increases proportional to the number of units of X produced. For the second product, however, economies of scale are much more pronounced, so that the number of person-hours required to produce y units of it is proportional to , with constant of proportionality d, where 0 < p < 1.
It is imperative that we determine the best production strategy for the manufacture of these two products. Find the optimum production strategy.
Note: In the language of our course, this problem essentially equates to an optimisation problem in which the objective function is non-linear.
Thankyou very much.
- AliyahI know this seems long but I just need help with the equation., if someone could please help...
moreResolved Question: Does anyone know of a routine similar to MATLABs fsolve, that the code is available in C++, Java, or C#?
I am working on a non-linear optimization problem. I have found that fsolve works well for my problem. Right now I am simply trying to get my code out of MATLAB. I do not need a code that does exactly the same thing as fsolve, just something that is very similar.
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