The profit maximisation problem
Requisitos de finalización
Cierre: domingo, 8 de mayo de 2022, 23:55
You are the decision-maker of a production unit (here a logging company) and have a set of possible activities to undergo.
How do you choose the activities that lead to a maximisation of the unit's profit?
The objective of this problem is hence to find the optimal level of activities to maximise the company profit, given (a) the profitability (gross margin) of each activity, (b) the resources available to the company and (c) the matrix of technical coefficients that links each activity to the resources required (positive coefficient) or provided (negative coefficient) by that specific activity.
The problem is the same as those in the SpreadSheet file "Optimal production mix.ods" (available in the `data` folder) and can be solved in LibreOffice by using the "Solver tool" as indicated in that file. You can use it to check your results.
Download and unzip the attached folder.
Within the folder find the "loggingOptimisation.jl" file where detailed instructions and a skeleton of the solution is provided.
Edit that file with your own code and please upload it here when you are done.
- 13 de marzo de 2022, 16:27