The Tycron Company produces three electrical products—clocks, radios, and toasters. These products have the fol-lowing resource requirements:The manufacturer has a daily production budget of $2000and a maximum of 660 hours of labor. Maximum dailycustomer demand is for 200 clocks, 300 radios, and 150toasters. Clocks sell for $15, radios, for $20, and toasters,for $12. The company desires to know the optimal productmix that will maximize profit.Formulate and solve a linear programming model forthis problem. Resource RequirementsProduct Cost/Unit Labor Hours/UnitClock $ 7 2Radio 10 3Toaster 5 2
The Tycron Company produces three electrical products—clocks, radios, and toasters. These products have the fol-lowing resource requirements:The manufacturer has a daily production budget of $2000and a maximum of 660 hours of labor. Maximum dailycustomer demand is for 200 clocks, 300 radios, and 150toasters. Clocks sell for $15, radios, for $20, and toasters,for $12. The company desires to know the optimal productmix that will maximize profit.Formulate and solve a linear programming model forthis problem. Resource RequirementsProduct Cost/Unit Labor Hours/UnitClock $ 7 2Radio 10 3Toaster 5 2
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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The Tycron Company produces three electrical products—clocks, radios, and toasters. These products have the fol-lowing resource requirements:The manufacturer has a daily production budget of $2000and a maximum of 660 hours of labor. Maximum dailycustomer demand is for 200 clocks, 300 radios, and 150toasters. Clocks sell for $15, radios, for $20, and toasters,for $12. The company desires to know the optimal productmix that will maximize profit.Formulate and solve a linear programming model forthis problem.
Resource Requirements
Product Cost/Unit Labor Hours/Unit
Clock $ 7 2
Radio 10 3
Toaster 5 2
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