Question: a . Formulate a linear programming model for maximizing total profit contribution. b . Solve the linear program formulated in part ( a ) .
a Formulate a linear programming model for maximizing total profit contribution.
b Solve the linear program formulated in part a How much of each product should be produced, and what is the projected total profit contribution?
c After evaluating the solution obtained in part b one of the production supervisors noted that production setup costs had not been taken into account. She noted that setup costs are $ for product $ for product and $ for product If the solution developed in part b is to be used, what is the total profit contribution after taking into account the setup costs?
d Management realized that the optimal product mix, taking setup costs into account, might be different from the one recommended in part b Formulate a mixedinteger linear program that takes setup costs into account. Management also stated that we should not consider making more than units of product units of product or units of product
e Solve the mixedinteger linear program formulated in part d How much of each product should be produced, and what is the projected total profit contribution? Compare this profit contribution to that obtained in part c
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