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beigedeer979Lv1
28 Sep 2019
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 ($/unit)
3
5
a.Develop a linear programming model for this problem.
b.Demonstrate the feasible area on a graph.
c.Find the optimal solution by using the algebraic method.
d.Find the optimal solution by using a solver.
e.Interpret your sensitivity report.
A manufacturing company wishes to determine how many of two products they should produce in order to maximize total profit. The labor and material requirements and the contribution to profit for each of the three products are as follows:
Resource Requirements
Resources |
Product 1 |
Product 2 |
Availability |
Labor (hr/unit) |
5 |
2 |
240 hrs |
Materials (lb/unit) |
4 |
6 |
400 lbs |
Profit ($/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.
Darryn D'SouzaLv10
29 Sep 2019