A company produces three products: A,B and C. Each product requires two raw materials; steel and aluminum. The following LP model describes the company’s product mix problem x1, x2, and x3 represent the number of units of product A, B and C respectively Max Z = 30x1 + 10x2 + 50x3 Subject to 6 x1+ 3 x2 + 5 x3 ≤ 450 (steel) 3 x1 + 4 x2+ 5 x3 ≤ 300 (alumimium), X1, x2, x3 ≥ 0 Identify the two production methods that optimize the company’s profit (hint: Use simplex method
A company produces three products: A,B and C. Each product requires two raw materials; steel and aluminum. The following LP model describes the company’s product mix problem x1, x2, and x3 represent the number of units of product A, B and C respectively Max Z = 30x1 + 10x2 + 50x3 Subject to 6 x1+ 3 x2 + 5 x3 ≤ 450 (steel) 3 x1 + 4 x2+ 5 x3 ≤ 300 (alumimium), X1, x2, x3 ≥ 0 Identify the two production methods that optimize the company’s profit (hint: Use simplex method
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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3. A company produces three products: A,B and C. Each product requires two raw materials; steel and aluminum. The following LP model describes the company’s product mix problem
x1, x2, and x3 represent the number of units of product A, B and C respectively
Max Z = 30x1 + 10x2 + 50x3
Subject to
6 x1+ 3 x2 + 5 x3 ≤ 450 (steel)
3 x1 + 4 x2+ 5 x3 ≤ 300 (alumimium), X1, x2, x3 ≥ 0
Identify the two production methods that optimize the company’s profit (hint: Use simplex method)
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