Right-Lite LEDs Inc. Right-lite LEDs Inc. produces a variety of portable LED lighting products. They would like to offer two new types of LED lights, a lantern and keychain flashlight, but are unsure of how many of each to manufacture. They expect to charge $3.25 per keychain flashlight and $7.75 per lantern flashlight. Each keychain flashlight requires 3 LED bulbs and 1 battery. Each lantern flashlight requires 6 LED bulbs and 4 batteries. Right-lite currently pays $.50 each per LED bulb and $.35 each per battery. They currently have 250 LED bulbs and 100 batteries on hand. Based on competitor’s sales, they expect to be able to sell 30 lanterns and 50 keychain flashlights in the next week. Determine the number of each type of flashlight Right-lite should manufacture to maximize profits based on current constraints. Provide suggestions on how to further increase profits.
Right-Lite LEDs Inc. Right-lite LEDs Inc. produces a variety of portable LED lighting products. They would like to offer two new types of LED lights, a lantern and keychain flashlight, but are unsure of how many of each to manufacture. They expect to charge $3.25 per keychain flashlight and $7.75 per lantern flashlight. Each keychain flashlight requires 3 LED bulbs and 1 battery. Each lantern flashlight requires 6 LED bulbs and 4 batteries. Right-lite currently pays $.50 each per LED bulb and $.35 each per battery. They currently have 250 LED bulbs and 100 batteries on hand. Based on competitor’s sales, they expect to be able to sell 30 lanterns and 50 keychain flashlights in the next week. Determine the number of each type of flashlight Right-lite should manufacture to maximize profits based on current constraints. Provide suggestions on how to further increase profits.
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...
Related questions
Question
EST 305 Homework 2 Right-Lite LEDs Inc. Right-lite LEDs Inc. produces a variety of portable LED lighting products. They would like to offer two new types of LED lights, a lantern and keychain flashlight, but are unsure of how many of each to manufacture. They expect to charge $3.25 per keychain flashlight and $7.75 per lantern flashlight. Each keychain flashlight requires 3 LED bulbs and 1 battery. Each lantern flashlight requires 6 LED bulbs and 4 batteries. Right-lite currently pays $.50 each per LED bulb and $.35 each per battery. They currently have 250 LED bulbs and 100 batteries on hand. Based on competitor’s sales, they expect to be able to sell 30 lanterns and 50 keychain flashlights in the next week. Determine the number of each type of flashlight Right-lite should manufacture to maximize profits based on current constraints. Provide suggestions on how to further increase profits.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 6 steps with 10 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.Recommended textbooks for you
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.