Question: Problem T 5 - 4 A company manufactures two types of toys: trucks and cars. Each truck requires 1 minute of molding time, 2 minutes

Problem T5-4
A company manufactures two types of toys: trucks and cars. Each truck requires 1 minute of molding time, 2 minutes of painting time, and 1 minute of packing time. Each car requires 2 minutes of molding time, 1 minute of painting time, and 2 minutes of packing time. There are a maximum of 300 minutes of molding time, 400 minutes of painting time, and 400 minutes of packing time available each day. Both cars and trucks contribute $1 per unit to profit.
a. Formulate this problem.
Maximize:
T +
C
Subject to:
Molding
T +
C <=
Painting
T +
C <=
Packing
T +
C <=
>=
>=
b. The optimal solution is:
(Instructions: Round your answer to two decimal places where necessary.)
T =
C =
Objective function =
c. Which constraints are binding and what are the shadow prices and allowable increases and decreases?
The binding constraints are:
check all that apply
Paintingunanswered

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!