6 A manufacturing company holds stocks of two liquid chemicals. The company needs to update its stock levels.
The company has 2000 litres of chemical A and 4000 litres of chemical B currently in stock. Its storage facility allows for no more than a combined total of 12000 litres of the two chemicals.
Chemical A is valued at \(\pounds 5\) per litre and chemical B is valued at \(\pounds 6\) per litre. The company intends to hold stocks of these two chemicals with a total value of at least \(\pounds 61000\).
Let \(a\) be the increase in the stock level of A, in thousands of litres ( \(a\) can be negative).
Let \(b\) be the increase in the stock level of B , in thousands of litres ( \(b\) can be negative).
- Explain why \(a \geqslant - 2\), and produce a similar inequality for \(b\).
- Explain why the value constraint can be written as \(5 a + 6 b \geqslant 27\), and produce, in similar form, the storage constraint.
- Illustrate all four inequalities graphically.
- Find the policy which will give a stock value of exactly \(\pounds 61000\), and will use all 12000 litres of available storage space.
- Interpret your solution in terms of stock levels, and verify that the new stock levels do satisfy both the value constraint and the storage constraint.