Problem Statement The Pyrotec Company produces three electrical products - clocks, radios, and toasters. These products have the following resource requirements: Clock Radio Toaster Resource Requirements Cost/Unit $7 10 5 Labor Hours/Unit 2 3 2 The manufacturer has a daily production budget of $2,000 and a maximum of 660 hours of labor. Maximum daily customer demand is for 200 clocks, 300 radios, and 150 toasters. Clocks sell for $15, radios for $20, and toasters for $12. The company wants to know the optimal product mix that will maximize profit.
Problem Statement The Pyrotec Company produces three electrical products - clocks, radios, and toasters. These products have the following resource requirements: Clock Radio Toaster Resource Requirements Cost/Unit $7 10 5 Labor Hours/Unit 2 3 2 The manufacturer has a daily production budget of $2,000 and a maximum of 660 hours of labor. Maximum daily customer demand is for 200 clocks, 300 radios, and 150 toasters. Clocks sell for $15, radios for $20, and toasters for $12. The company wants to know the optimal product mix that will maximize profit.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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![Problem Statement
The Pyrotec Company produces three electrical products - clocks, radios, and toasters. These products
have the following resource requirements:
Clock
Radio
Toaster
Resource Requirements
Cost/Unit
$7
10
5
Labor Hours/Unit
2
3
2
The manufacturer has a daily production budget of $2,000 and a maximum of 660 hours of labor.
Maximum daily customer demand is for 200 clocks, 300 radios, and 150 toasters. Clocks sell for $15,
radios for $20, and toasters for $12. The company wants to know the optimal product mix that will
maximize profit.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F66947364-781a-4c5b-9f23-45871f645082%2Fb26d08f4-5b0e-46c4-90df-480531b0e815%2Flfuy6sa_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Problem Statement
The Pyrotec Company produces three electrical products - clocks, radios, and toasters. These products
have the following resource requirements:
Clock
Radio
Toaster
Resource Requirements
Cost/Unit
$7
10
5
Labor Hours/Unit
2
3
2
The manufacturer has a daily production budget of $2,000 and a maximum of 660 hours of labor.
Maximum daily customer demand is for 200 clocks, 300 radios, and 150 toasters. Clocks sell for $15,
radios for $20, and toasters for $12. The company wants to know the optimal product mix that will
maximize profit.
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