Question: Labor needed / Unit 7 . 5 6 5 5 . 5 4 5 3 . 5 2 . 5 Raw Material needed / Unit
Labor neededUnit
Raw Material neededUnit
Unit Sale Price
$
$
$
$
CostUnit
$
$
$
$
Demand for each product
Unit Profit
$
$
$
Total Profit
Constraints
Total Labor
Total Raw Material available
Refer to Practices
You have to think about other constraints such as the Units Made must be the Demand, and Units Made must be an integer.
R
Assume that you are working in a pharmacy company. For this given month, you have labor hours available, raw materials pounds available. You can make use of the labor and raw materials to produce products, each requireing different numbers of labor hours, raw material for each unit production. Also, each unit product has different price, cost, demand and profit. Note, we cannot produce too much for a product because there is a demand limit Over production would be a waste.
Now, how can we define the production for these products so that we can maximize our Total Profit in cell C
Row : Labor units needed for producing unit of each product
Row : Raw Material neededUnit means how many raw materials are needed for producing unit of proudct. For example, for product raw materials are needed, while for product units of raw materials are neeeded for producing unit of product
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