Question

The profit function for two types of iPod is : Profit = -5 x2^1 + 38X1...

The profit function for two types of iPod is :

Profit = -5 x2^1 + 38X1 - 5X2^2 +44 X2 +520

where x1 and x2 represent number of units of production of basic and advanced iPods, respectively.

Production time required for the basic iPod is 6 hours per unit, and production time required for the advanced iPod is 8 hours per unit. Currently, 50 hours are available. The cost of hours is already factored into the profit function. Formulate an optimization problem that can be used to find the optimal production quantity of basic and advanced iPods. Implement

Business   Operations-Management   
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Answer #1

I think your equation is not correct But i am solving with this equation and one option eqauation.The process to solve these type of question

1. Convert eqation in form of 1 variable with the help of condition.

2.diffretion eqation and put it equal to 0 And then solve and get value.

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