HUEC 3032 Lecture : 3032 Lecture 1
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A manufacturing company wishes to determine how many of two products they should produce in order to maximize total profit. The labor and material requirements and the contribution to profit for each of the three products are as follows:
Resource Requirements
Resources |
Product 1 |
Product 2 |
Availability |
Labor (hr/unit) |
5 |
2 |
240 hrs |
Materials (lb/unit) |
4 |
6 |
400 lbs |
Profit ($/unit) |
3 |
5 |
a.Develop a linear programming model for this problem.
b.Demonstrate the feasible area on a graph.
c.Find the optimal solution by using the algebraic method.
d.Find the optimal solution by using a solver.
e.Interpret your sensitivity report.