Data

TB CS MM MB Limit/Requirement
Return 0.08 0.06 0.12 0.09
TB max 1 0 0 0 5
CS max 0 1 0 0 7
MM max 0 0 1 0 2
MB max 0 0 0 1 4
TB & CS 1 1 0 0 3
MM & MB 0 0 1 1 4
Total 1 1 1 1 10

Decision Variables
$ mil 5 1 2 2

Objective function
Max return 0.88

Constraints
LHS Type RHS
TB max 5 <= 5
CS max 1 <= 7
MM max 2 <= 2
MB max 2 <= 4
TB & CS 6 >= 3
MM & MB 4 <= 4
Total 10 = 10
Data Note: this formulation assumes that $10 million is not necessarily invested in full.
TB CS MM MB Limit/Requirement
Return 0.08 0.06 0.12 0.09
TB max 1 0 0 0 5
CS max 0 1 0 0 7
MM max 0 0 1 0 2
MB max 0 0 0 1 4
TB & CS 0.7 0.7 -0.3 -0.3 0
MM & MB -0.4 -0.4 0.6 0.6 0
Total 1 1 1 1 10

Decision Variables
$ mil 5 1 2 2

Objective function
Max 0.88

Constraints
LHS Type RHS
TB max 5 <= 5
CS max 1 <= 7
MM max 2 <= 2
MB max 2 <= 4
TB & CS 3 >= 0
MM & MB 0 <= 0
Total 10 <= 10
Data

Chemical 1 Chemical 2 Chemical 3

In-house 2.5 1.75 2.9
Outside 2.8 2.5 3.25
Sales 2000 3500 1800
Available
Reactor 1 0.05 0.04 0.01 200
Reactor 2 0.02 0.06 0.03 150

Decision Variables (lbs)

Chemical 1 Chemical 2 Chemical 3
In-house 2000 1833.33 0
Outside 0 1666.67 1800

Objective function
Min cost 18225

Constraints
Sales Chemical 1 Chemical 2 Chemical 3
LHS 2000 3500 1800
Type >= >= >=
RHS 2000 3500 1800
Available time
LHS Type RHS
Reactor 1 173.33 <= 200
Reactor 2 150 <= 150