1.1.6 A company produces four products: W_1, W_2, W_3, and W_4. Two of the many inputs used inthe production process are limited. These limits are: measure 1 - 90000 units, while measure II -120000 units. The input of limited means per unit of production is given in the table:Unit expendituresinputs used in theproductionW_1W_2W_3W_4I521.52||221.54The profit achieved on a unit of production product is respectively: 2,2,1 and 3 USD. Determine thesize of production of each product so as to obtain the greatest profit. Give this profit at the optimumassortment.

Max Z = 2 W1 + 2W2 + 1W3 + 3W4 subject to 5W1 + 2W2 + 1.5W3 + 2W4 <= 90000 2W1 + 2W2 +…

Answered: 1.1.6 A company produces four products:…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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