In the model shown below, decisions about investments in research and development across three possible product development projects are constrained by the overall R&D budget. Following the above linear programming problem, solve the allocation between the products to achive the maximum total profit. How much is the units for Basic product? You can use the attached spreadsheet to complete the work. Basic Mid Range High End Units produced 50.00 resources Cabinets Labor (hours) Components profit per unit 50 1 5 1.5 30.00 2 60 20.00 10 4 95 total 100.00 630.00 215.00 <= 슈슈슈 <= <= Total profit 6,200.00 300 650 300 <-- solve
In the model shown below, decisions about investments in research and development across three possible product development projects are constrained by the overall R&D budget. Following the above linear programming problem, solve the allocation between the products to achive the maximum total profit. How much is the units for Basic product? You can use the attached spreadsheet to complete the work. Basic Mid Range High End Units produced 50.00 resources Cabinets Labor (hours) Components profit per unit 50 1 5 1.5 30.00 2 60 20.00 10 4 95 total 100.00 630.00 215.00 <= 슈슈슈 <= <= Total profit 6,200.00 300 650 300 <-- solve
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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Question
![Innovative speaker.
In the model shown below, decisions about investments in research and development across
three possible product development projects are constrained by the overall R&D budget.
Following the above linear programming problem, solve the allocation between the products
to achive the maximum total profit. How much is the units for Basic product?
You can use the attached spreadsheet to complete the work.
Mid Range HighEnd
Units produced 50.00
resources
Cabinets
Labor (hours)
Components
profit per unit
130
150
100
Basic
50
1
5
1.5
50
30.00
1
6
2
60
20.00
1
10
4
95
total
100.00 <=
630.00 <=
215.00 <=
Total
profit
6,200.00
300
650
300
<--
solve](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F79b97ffb-73f4-4cfa-b479-4b524b7f662d%2F101cbc3e-99ec-4701-9edf-667b052b25b5%2Fz3m152n_processed.png&w=3840&q=75)
Transcribed Image Text:Innovative speaker.
In the model shown below, decisions about investments in research and development across
three possible product development projects are constrained by the overall R&D budget.
Following the above linear programming problem, solve the allocation between the products
to achive the maximum total profit. How much is the units for Basic product?
You can use the attached spreadsheet to complete the work.
Mid Range HighEnd
Units produced 50.00
resources
Cabinets
Labor (hours)
Components
profit per unit
130
150
100
Basic
50
1
5
1.5
50
30.00
1
6
2
60
20.00
1
10
4
95
total
100.00 <=
630.00 <=
215.00 <=
Total
profit
6,200.00
300
650
300
<--
solve
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