A chemical manufacturer uses chemicals 1 and 2 to produce two drugs. Drug 1 must be at
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A chemical manufacturer uses chemicals 1 and 2 to produce two drugs. Drug 1 must be at least 80% chemical 1, and drug 2 must be at least 50% chemical 2. Up to 70,000 ounces of drug 1 can be sold at $40 per ounce; up to 50,000 ounces of drug 2 can be sold at $25 per ounce. Up to 45,000 ounces of chemical 1 can be purchased at $15 per ounce, and up to 65,000 ounces of chemical 2 can be purchased at $19 per ounce. Determine how to maximize the manufacturer’s profit.
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Related Book For
Practical Management Science
ISBN: 9781337406659
6th Edition
Authors: Wayne L. Winston, Christian Albright
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