Question: business / operations management /please helpp !!! / URGENT PLEASE 25 minutes left E 02.08.2021 Q2. (30 pts) A firm is planning to produce products

business / operations management /please helpp !!! / URGENT PLEASE 25 minutes left

business / operations management /please helpp

E 02.08.2021 Q2. (30 pts) A firm is planning to produce products X and Y. The setup cost for the production factories and the unit profit for products X and Y are given below: Product X Y Set up cost (*10^3 $) 45 Profit (*10^3 S) 12 16 76 The firm has two factories that are capable of producing these products. In order to avoid doubling the setup cost only one factory could be used. The production rates of each product are given below (in units/hour): Production rates (units/hour) Factory 1 Factory 2 Product X 52 42 Product Y 38 223 Factories 1 and 2, respectively, have 480 and 720 hours of production time available for the production of these products. The firm wants to know which of the products (X and Y) to produce, where and how many of each (if any) should be produced so that the firm maximizes the total profit. Please develop a mathematical model, do not solve it

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