A company manufactures 3 products: A, B and C, which sell at €14, €15, and €13 per unit, respectively. These prices are constant and independent of the market economy. Four types of raw materials are required to manufacture these products. The costs of raw materials, the quantities of each raw material needed for each type of product, and the available quantity of each raw material that the company can purchase are included in the following table.
A company manufactures 3 products: A, B and C, which sell at €14, €15, and €13 per unit, respectively. These prices are constant and independent of the market economy. Four types of raw materials are required to manufacture these products. The costs of raw materials, the quantities of each raw material needed for each type of product, and the available quantity of each raw material that the company can purchase are included in the following table.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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A company manufactures 3 products: A, B and C, which sell at €14,
€15, and €13 per unit, respectively. These prices are constant and
independent of the market economy. Four types of raw materials are
required to manufacture these products. The costs of raw materials, the
quantities of each raw material needed for each type of product, and
the available quantity of each raw material that the company can
purchase are included in the following table.
Raw
material (€)
Unit price
1
2
3
4
a
0
3
0.5 4
1
0
3
2
Products
b
2
NN
2
с
1
1
42
0
2
Available raw
material units
50
200
200
100
The objective of the company is to determine the quantities of each product
that must be produced in order to obtain the greatest net profit.
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