A company manufactures two products X and Y. The profit contribution of X and Y are...
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A company manufactures two products X and Y. The profit contribution of X and Y are $3/- and $4/- respectively. The products X and Y require the services of four facilities. The capacities of the four facilities A, B, C, and D are limited and the available capacities in hours are 200 Hrs, 150 Hrs, and 100 Hrs. and 80 hours respectively. Product X requires 5, 3, 5 and 8 hours of facilities A, B, C and D respectively. Similarly the requirement of product Y is 4, 5, 5, and 4 hours respectively on A, B, C and D. Find the optimal product mix to maximise the profit. A company manufactures two products X and Y. The profit contribution of X and Y are $3/- and $4/- respectively. The products X and Y require the services of four facilities. The capacities of the four facilities A, B, C, and D are limited and the available capacities in hours are 200 Hrs, 150 Hrs, and 100 Hrs. and 80 hours respectively. Product X requires 5, 3, 5 and 8 hours of facilities A, B, C and D respectively. Similarly the requirement of product Y is 4, 5, 5, and 4 hours respectively on A, B, C and D. Find the optimal product mix to maximise the profit.
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To find the optimal product mix that maximizes profit we need to determine the quantity of each prod... View the full answer
Related Book For
Data Analysis and Decision Making
ISBN: 978-0538476126
4th edition
Authors: Christian Albright, Wayne Winston, Christopher Zappe
Posted Date:
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