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Summary:
To fulfill the demand, we used:
5 rolls of 20 inches
3 rolls of 30 inches
3 rolls of 40 inches
2 rolls of 50 inches
Total waste: 10 inches.
Real-World Application
1. Paper Manufacturing: In the paper manufacturing industry, large rolls of
paper need to be cut into smaller rolls or sheets to fulfill orders from customers
who may require different sizes and quantities. Efficiently cutting the large rolls to
minimize waste is essential for reducing production costs and maximizing
profitability.
2. Textile Industry: Textile factories often face the challenge of cutting large
fabric rolls into smaller pieces of different lengths to produce garments, home
textiles, and other products. Optimizing the cutting process helps minimize fabric
waste and improves overall efficiency.
3. Steel Processing: Steel mills and processing facilities face the challenge of
cutting large steel coils or plates into smaller pieces for use in construction,
automotive manufacturing, and other industries. Optimizing the cutting process
helps minimize material waste and improve productivity.
What are the 4 main types of stocks?
1. Common stock
2. Preferred stock
3. Large-cap stocks
4. Mid-cap stocks
Conclusion:
Certainly! Here are the key points summarized about the Cutting Stock Problem: