A gold mining area in Lanao contains on average 1 ounce of gold per ton. Two methods of processing are available; method a cost 1.5m per ton and recovers 90% of gold: method b cost 1.3m per ton and recovers 80% of the gold. If gold can be sold for 2.4m per ounce which method is better and by how much

A gold mining area in Lanao contains on average 1 ounce of gold per ton. Two methods of processing are available; method a cost 1.5m per ton and recovers 90% of gold: method b cost 1.3m per ton and recovers 80% of the gold. If gold can be sold for 2.4m per ounce which method is better and by how much

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter4: Linear Programming Models

Section4.8: Data Envelopment Analysis (dea)

Problem 41P

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