The COO also wants to know the optimal product mix quantities for each product for the first four months of the coming year. This can vary from month to month, but as of now the COO is happy to have just the answer for January 2024 and this will be the solution for every month till April. Note that in the coming year the company must adhere to the following constraints regarding their budget, supplier raw materials and demand.

 

Budget: Production costs are $1200 per product for product A, $1500 for product B and $1400 for product C. Total budget is for production

is $4000000.

gives how much raw material is need (in lbs) for each unit of a product. Maximum available quantity of X, Y and Z is 12000 lbs each.

Answer rating: 100% (QA)

Demand Monthly demand for product A is 10000 units product B is 7000 units and product C is 5000 uni... View the full answer