Question: Formulation of Linear Programming Problem 2. The Primo Insurance Company is introducing two new product lines: special risk insurance and mortgages. The expected profit is

Formulation of Linear Programming Problem

2. The Primo Insurance Company is introducing two new product lines: special risk insurance and mortgages. The expected profit is $5 per unit on special risk insurance and $2 per unit on mortgages. Management wishes to establish sales quotas for the new product lines to maximize total expected profit. The work requirements are as follows: Work-Hours per Unit Work-Hours Available Special Risk Mortgage Department Underwriting Administration Claims 3 0 2 2 1 0 2400 800 1200 Formulate a linear programming model for this problem. Solution

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