Practice HW - Please submit on an excel file.

Linear Programming Problem

The Pyrotec Company produces three small kitchen appliances - waffle makers, egg cookers, and toasters. The three products have the following requirements:

	Resource Requirements
	Metal Materials/unit	Plastic Materials /unit	Labor hours/unit
Waffle maker	3.1 lb	0.5 lb	.7
Egg cooker	1.5 lb	0.7 lb	1
Toaster	2.0 lb	0.3 lb	.5

Resource costs are $3 per pound of metal, $2.90 per pound of plastic and $10.00 per hour for labor.

Available resources are 200 pounds of metal, 250 pounds of plastic and 350 hours of labor.

Based on market research, the company expects the maximum demand for waffle makers is 50 and for egg cookers is 75. The company has a contract to supply 25 toasters to a local department store.

Waffle makers will be sold for 24.99, egg cookers will be sold for 19.99 and Toasters will sell for 14.99

The company wants to know the optimal product mix that will maximize profit.

Part A. Write the Linear Programming formulation for this problem to help determine the best production mix of the three appliances that will maximize profit.

Part B. Set up & run the problem in Excel Solver.

Report the optimal solution and profit result.