Unformatted text preview: there is some way of solving the two LPs in some coordinated fashion, or is it necessary to merge the two LPs into a single LP in order to obtain the overall optimal solution. Sketch of a Coordination approach Suppose there is some way to coordinate the operation of the two plants, without the necessity of merging all the data into a single LP. Suppose also, that the coordination process takes the form of an iterative process. • Each plant makes production offers of certain production at a given price. We will make up symbols for the quantities offered by each plant. The prices can easily be derived when we need them. Let Pi k the k th production offer from Plant 1 for steel i. Similarly let Qi k be the k th production offer from plant 2 for the two types of steel....
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- Spring '11
- Optimization, optimal solution, Iron ore, single LP, furnace time availability