This work aim is to minimize operational costs, equipment cost and to short payback period of investment (analytically).
Scope of work:
1. Analytically solve the model (marked with yellow), which means to show which optimal S1 and S2 minimize the PBP while taking in consideration the constraint. If it is required- show convexity, linearity and infinity of the functions.
2. Analytically show and explain in which scenarios of minimum PBP: S1<S2, S1>S2, S1=S2.*
3. Optional (or should be priced separately): To write MATLAB code for demonstrating by sensitivity analysis both operational and capacity planning stages
*More details are provided in the files
8 freelancers are bidding on average $225 for this job
I am a chemical engineer with broad experience in mathematical modeling, simulation and optimization for chemical or manufacturing facilities. I can help with your problem. Regards