Question

A manufacturer wants to maximize the profit of two products. Product I yields a profit of...

A manufacturer wants to maximize the profit of two products. Product I yields a profit of $ 1.50 per unit, and product II yields a profit of $2.00 per unit. Market tests and available resources have indicated the following constraints: • The combined production level should not exceed 1200 units per month. • The demand for product II is no more than half the demand for product I. • The production level of product I is less than or equal to 600 units plus three times the production level of product II. Solve the application. (Be sure to show the Objective function, Constraints, the feasible region, vertices and optimal solution.)

Homework Answers

Answer #1

Let for product 1 =X and product 2 =Y

P=combined profit its called the objective function .

objective function

constraints

.....1

............ 2  

.......3

......4

......5

by solving the equction we get maximise profite ,We use the value of x and y in equction of P .

for(0,0) P=1.5(0)+2(0)=0

for(800,400) P=1.5(800)+2(400)=2000

for(1050,150) P=1.5(1050)+2(150)=1875

for(600,0) P=1.5(600)+2(0)=900

so max profite is 2000 for product i st 800 unit and product 2nd 400 unit .

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A furniture company produces tables (X) and chairs (Y). Available resources have indicated that the production...
A furniture company produces tables (X) and chairs (Y). Available resources have indicated that the production volume level should not exceed 1200 units per week and the demand for chairs is at most half of that for tables. Further, the production level of tables can exceed three times the production of chairs by at most 600 units. If the company makes a profit of OMR12 and OMR 16 per unit respectively on tables and chairs, how many of each should...
A company manufactures two products, A and B, on two machines, I and II. The profit...
A company manufactures two products, A and B, on two machines, I and II. The profit is $3 on each unit of product A and $4 on each unit of product B. To manufacture a unit of product A requires 6 minutes on machine I and 5 minutes on machine II. To manufacture a unit of product B requires 9 minutes on machine I and 4 minutes on machine II. There are 300 minutes of machine time available on machine...
A company manufactures Products A, B, and C. Each product is processed in three departments: I,...
A company manufactures Products A, B, and C. Each product is processed in three departments: I, II, and III. The total available labor-hours per week for Departments I, II, and III are 900, 1080, and 840, respectively. The time requirements (in hours per unit) and profit per unit for each product are as follows. (For example, to make 1 unit of product A requires 2 hours of work from Dept. I, 3 hours of work from Dept. II, and 2...
The costs to a store for two models of Global Positioning System (GPS) receivers are $80...
The costs to a store for two models of Global Positioning System (GPS) receivers are $80 and $100. The $80 model yields a profit of $25 and the $100 model yields a profit of $30. Market tests and available resources determined the constraints below. a.) The merchant estimates that the total monthly demand will not exceed 200 units. b.) The merchant does not want to invest more than $18,000 in GPS receiver inventory. Formulate the math model and solve it,...
The situation is for the company to maximize profit (its objective) through the manufacture of products...
The situation is for the company to maximize profit (its objective) through the manufacture of products M, B, R, and D. The products have profits per unit and several constraints as depicted in the following Statement of the problem. Profit 90M + 84B + 70R + 60D Ad budget 10M + 8B + 9R + 15D ≤ 5000 Salesforce    2M + 3B + 3R ≤ 1800 Production     M   + B + R   + D    = 600 Retail                                R             ≥ 150...
A company manufactures x units of Product A and y units of Product B, on two...
A company manufactures x units of Product A and y units of Product B, on two machines, I and II. It has been determined that the company will realize a profit of $4/unit of Product A and a profit of $3/unit of Product B. To manufacture a unit of Product A requires 6 min on Machine I and 5 min on Machine II. To manufacture a unit of Product B requires 9 min on Machine I and 4 min on...
The weekly demand function for x units of a product sold by only one firm is...
The weekly demand function for x units of a product sold by only one firm is p = 400 − 1/2x dollars, and the average cost of production and sale is C = 100 + 2x dollars. (a) Find the quantity that will maximize profit. units (b) Find the selling price at this optimal quantity. $  per unit (c) What is the maximum profit? $ The weekly demand function for x units of a product sold by only one firm is...
The weekly demand function for x units of a product sold by only one firm is...
The weekly demand function for x units of a product sold by only one firm is p = 300 − 1 2 x dollars, and the average cost of production and sale is C = 200 + 2x dollars. (a) Find the quantity that will maximize profit. units (b) Find the selling price at this optimal quantity. $  per unit (c) What is the maximum profit?
The weekly demand function for x units of a product sold by only one firm is...
The weekly demand function for x units of a product sold by only one firm is p = 600 −1/2x dollars , and the average cost of production and sale is C = 300 + 2x dollars. (a) Find the quantity that will maximize profit. units (b) Find the selling price at this optimal quantity. $ per unit (c) What is the maximum profit? $
Local Steel Construction Company produces two products, steel and wood beams. Steel beams have a unit...
Local Steel Construction Company produces two products, steel and wood beams. Steel beams have a unit contribution margin of $200, and wood beams have a unit contribution margin of $150. The demand for steel beams exceeds Local Steel Construction Company's production capacity, which is limited by available direct labor and machine-hours. The maximum demand for wood beams is 90 per week. Management desires that the product mix should maximize the weekly contribution toward fixed costs and profits. Direct manufacturing labor...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT