Answered: Raw Material Requirement Amount For…

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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An enterprise produces P1, P2 and P3 products using H1 and H2 raw materials. Production data are presented in the table below.

The labor time per unit of P1 product is twice that of P2 and three times that of P3. The entire workforce of the production facility is enough to produce 1500 units of P1 product. The market requirement for products is in the order of 3: 2: 5. Establish the Linear programming (DP) model that will maximize the profits of the business and determine the best production quantities?

Raw Material
Requirement Amount For Unit Product
Сарacity
Raw Materials
P1
P2
P3
H1
2.
5
4000
H2
4
2
7
6000
Minimum
200
200
150
Demand
Profit Per Unit
30
20
50
Product (Pb)

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