Question: PLEASE SOLVED AMPL. 4. iThe Omega Manufacturing Company has discontinued the production of a certain unprofitable product line. This act created considerable excess production capacity.
PLEASE SOLVED AMPL.
4. iThe Omega Manufacturing Company has discontinued the production of a certain unprofitable product line. This act created considerable excess production capacity. Management is considering devoting this excess capacity to one or more of three products, Product 1,2 and 3 . The available capacity of the machines that might limit output is summarized in the following table. The numbers of machine-hours required for each unit of the respective products are shown in the next table. The sales department indicates that the sales potential for Product 1 and 2 exceeds the maximum production rate and that the sales potential for product 3 is 20 units per week. The unit profit would be $50,$20,$25, respectively, for product 1,2 and 3 . The objective is to determine how much of each product Omega should produce to maximize profit. Please formulate the decision variables, objective function and constraints
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
