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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.

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
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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dont use software 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 3 2 0.5 1 Products a b 0 2 3 2 4 4 0 0 с 3 1 6 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.
Transcribed Image Text:dont use software 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 3 2 0.5 1 Products a b 0 2 3 2 4 4 0 0 с 3 1 6 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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