Homework Help is Here – Start Your Trial Now!
Business
Operations Management
Two machines A and B produce items at the rate of 50 units per hour and 40 units per hour respectively. Under certain production plans, the total number of items needed is at least 1000 items, the total number of hours available for running the machines is atmost 24 hours. If the hourly cost is P300 for machine A and P250 for machine B, how many hours should each machine be used in order to minimize the cost? What is the minimum cost? Use either graphical method or simplex method

Two machines A and B produce items at the rate of 50 units per hour and 40 units per hour respectively. Under certain production plans, the total number of items needed is at least 1000 items, the total number of hours available for running the machines is atmost 24 hours. If the hourly cost is P300 for machine A and P250 for machine B, how many hours should each machine be used in order to minimize the cost? What is the minimum cost? Use either graphical method or simplex method

Practical Management Science
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...
See similar textbooks
icon
Related questions
Question

Two machines A and B produce items at the rate of 50 units per hour and 40 units per hour respectively. Under certain production plans, the total number of items needed is at least 1000 items, the total number of hours available for running the machines is atmost 24 hours. If the hourly cost is P300 for machine A and P250 for machine B, how many hours should each machine be used in order to minimize the cost? What is the minimum cost? Use either graphical method or simplex method

Expert Solution
steps

Step by step

Solved in 3 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
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…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.
SEE MORE TEXTBOOKS