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Deriving the equation for the unit formulation

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Given the following information, determine the equation for the unit formulation. (Round intermediate calculations to 4 decimal places)

Unit Number (X) Unit Cost(Y)
1 $1000.00
2 870.00
3 801.94
4 756.90

A) Y = (1000)(X) -0.2010

B) Y = (1000)(X) 0.8700

C) Y = (1000)(X) -0.1393

D) Y = (1000)(X) 0.6931

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The solution describes the steps to determine the equation for the unit formulation.

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  • BEng (Hons) , Birla Institute of Technology and Science, India
  • MSc (Hons) , Birla Institute of Technology and Science, India
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