Question:
Data from two production faces of an open pit iron ore mine are given.
Item description Face 1 Face 2 Maximum production capacity (tonne/day) 1600 2000 Fe (%) 63 58 Production cost of ores (in INR/tonne) 1500 1200
Ores from two different faces are blended and supplied with Fe grade not less than 60 %. Based on the demand, the combined production is limited to a maximum of 2500 tonne/day. If the selling price of blended iron ores is INR 4500 /tonne, the optimal production from two faces in tonne/day, for maximizing the profit, respectively are
Data from two production faces of an open pit iron ore mine are given.
Ores from two different faces are blended and supplied with Fe grade not less than 60 %. Based on the demand, the combined production is limited to a maximum of 2500 tonne/day. If the selling price of blended iron ores is INR 4500 /tonne, the optimal production from two faces in tonne/day, for maximizing the profit, respectively are
| Item description | Face 1 | Face 2 |
| Maximum production capacity (tonne/day) | 1600 | 2000 |
| Fe (%) | 63 | 58 |
| Production cost of ores (in INR/tonne) | 1500 | 1200 |
Ores from two different faces are blended and supplied with Fe grade not less than 60 %. Based on the demand, the combined production is limited to a maximum of 2500 tonne/day. If the selling price of blended iron ores is INR 4500 /tonne, the optimal production from two faces in tonne/day, for maximizing the profit, respectively are
Updated On: Jul 18, 2024
- 1000.0 and 1500.0
- 1333.3 and 1166.7
- 1600.0 and 900.0
- 500.0 and 2000.0
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The Correct Option is A
Solution and Explanation
The correct option is (A): 1000.0 and 1500.0
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