3) (20 points) Steelco is currently working two mines to obtain its iro hiped on

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3) (20 points) Steelco is currently working two mines to obtain its iro hiped on the the ntly working two mines to obtain its iron ore. This iron ore is distribution network, where M1 shipped to either of two storage facilities. When company's steel plant. The diagram below depicts this and M2 are the two mines, $1 and S2 are the two storage ded at the mines plant. The diagram also shows the amounts monthly amounts produced at the mines and needed at caes ing cost and the maximum amount that can be shipped per month through each shipping lane. Management now w economical plan for sh network to the steel plant. Formulate wants to determine the most pping the iron ore from the mines through the distribution an LP model for this problem. 40 tons produced $2000/ton 30 tons max. $400/ton 70 tons max. M1 S1 100 tons needed $1700/to 30 tons max. $1600/torn 50 tons m $800/ton 70 tons max. S2 M2 $1100/ton 50 tons max. 60 tons produced Decision variables: Objective: Constraints: Variable Restrictions:

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