In the formulation, how many constraints (i.e., constraint equations) are there and which involves two variables? How many objective functions are there?
In the formulation, how many constraints (i.e., constraint equations) are there and which involves two variables? How many objective functions are there?
Precision Machining Technology (MindTap Course List)
2nd Edition
ISBN:9781285444543
Author:Peter J. Hoffman, Eric S. Hopewell, Brian Janes
Publisher:Peter J. Hoffman, Eric S. Hopewell, Brian Janes
Chapter1: Introduction To Machining
Section1.3: Workplace Skills
Problem 13RQ: Briefly describe a portfolio and give an example of what it might contain.
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In the formulation, how many constraints (i.e., constraint equations) are there and which involves two variables? How many objective functions are there?

Transcribed Image Text:A manufacturing firm produces two components for electric scooters. An axle requires 2.4 min of molding time and
5.0 min of assembly time. The profit for axles is $0.60 per unit. A single handlebar grip requires 3.0 min of molding
time and 2.5 min of finishing time. The profit for grips is $0.70 per unit. The molding department has 1,200 minutes
of time per week to allocate to these products. The finishing department has idle capacity of 600 minutes per week,
and the assembly department can supply 1,500 minutes of capacity per week. The firm wants to determine the
optimum production amounts of axles and grips this week using a linear programming method.
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