Question: Need A step by step calculation. Thank you. Suppose the production of a unit of products I, II and III require the use of machines

Need A step by step calculation. Thank you.
Suppose the production of a unit of products I, II and III require the use of machines P,Q and R, respectively. The unit selling price for each product I, product II and product III are given as $40,$35 and $45, respectively. Every day, the salesperson must achieve the sales targets that set by a manager, that is, the sales volume for product II must be at least 60% of the total sales products. The machine hours needed to produce a unit of product I, product II and product III are given in the following table. (a) Formulate a linear programming model to maximize the selling price and solve it by using Two-Phase method. (Note: no software answer is allowed here, you have to calculate by yourself) (7 marks) (b) Verify the optimal solution in Q1(a) by using any of the listed software (i.e., LINGO, LINDO, MATLAB, EXCEL) except TORA and online calculator software(s). State the name of the software that you used. (6 marks)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
