A calculator company produces a scientific calculator and a graphing calculator. Long term projections indicate an expected demand of at least 100 scientific and 80 graphing calculators each day. Because of limitations on production capacity, no more than 200 scientific and 170 graphing calculators can be made daily. To satisfy a shipping contract, a total of at least 200 calculators must be shipped each day. If each scientific calculator sold results in a $2 profit, but each graphing calculator produces a $5 profit, how many of each type should be made daily to maximize net profits? 1. Formulate an LP Model (show the complete model formulation) Get the: Decisions Variable Objective Function Constraints 2. Show the Graphical Solution
A calculator company produces a scientific calculator and a graphing calculator. Long term projections indicate an expected demand of at least 100 scientific and 80 graphing calculators each day. Because of limitations on production capacity, no more than 200 scientific and 170 graphing calculators can be made daily. To satisfy a shipping contract, a total of at least 200 calculators must be shipped each day. If each scientific calculator sold results in a $2 profit, but each graphing calculator produces a $5 profit, how many of each type should be made daily to maximize net profits? 1. Formulate an LP Model (show the complete model formulation) Get the: Decisions Variable Objective Function Constraints 2. Show the Graphical Solution
Elements Of Electromagnetics
7th Edition
ISBN:9780190698614
Author:Sadiku, Matthew N. O.
Publisher:Sadiku, Matthew N. O.
ChapterMA: Math Assessment
Section: Chapter Questions
Problem 1.1MA
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Transcribed Image Text:A calculator company produces a scientific calculator
and a graphing calculator. Long term projections
indicate an expected demand of at least 100 scientific
and 80 graphing calculators each day. Because of
limitations on production capacity, no more than 200
scientific and 170 graphing calculators can be made
daily. To satisfy a shipping contract, a total of at least
200 calculators must be shipped each day. If each
scientific calculator sold results in a $2 profit, but each
graphing calculator produces a $5 profit, how many of
each type should be made daily to maximize net
profits?
1. Formulate an LP Model
(show the complete model formulation)
Get the:
● Decisions Variable
● Objective Function
Constraints
●
2. Show the Graphical Solution
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