Answered: Daisy Drugs manufactures two drugs: 1…

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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Daisy Drugs manufactures two drugs: 1 and 2. The
drugs are produced by blending two chemicals: 1 and 2. By
weight, drug 1 must contain at least 65% chemical 1, and
drug 2 must contain at least 55% chemical 1. Drug 1 sells
for $6/oz, and drug 2 sells for $4/oz. Chemicals 1 and 2 can
be produced by one of two production processes. Running
process 1 for an hour requires 3 oz of raw material and 2
hours skilled labor and yields 3 oz of each chemical.
Running process 2 for an hour requires 2 oz of raw material
and 3 hours of skilled labor and yields 3 oz of chemical 1
and 1 oz of chemical 2. A total of 120 hours of skilled labor
and 100 oz of raw material are available. Formulate an LP
that can be used to maximize Daisy’s sales revenues

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