Question: Graphic solution for a linear programming problem Refer to the data about the production of sealers for Sharped Company in Exercise 25-10. Exercise 25-10 Setting
Graphic solution for a linear programming problem Refer to the data about the production of sealers for Sharped Company in Exercise 25-10.
Exercise 25-10
Setting up a linear programming problem Sharpen Company's blending department has a capacity of 260 hours per day and its curing department has a capacity of 280 hours per day. The company manufactures two types of sealers. A 10-gallon batch of driveway sealer requires 1 hour of blending and 2 hours of curing. A 10-gallon batch of roof sealer requires 2 hour of blending and 1 hour of curing. The contribution margin of each product is $15 per 10-gallon batch. The demand for roof sealer is 120 gallons per day. The demand for driveway sealer is 200 gallons per day.
REQUIRED a. Diagram the solution to the linear programming problem. b. Compute the contribution margin at each corner of your feasible set to determine the optimal combination of products.
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