Question: There are two ( 2 ) problems in this homework. Although they are not graded, you are encouraged to complete them as they will help
There are two problems in this homework. Although they are not graded, you are encouraged
to complete them as they will help you with the problembased questions in your exams.
The intention of these problems is for you to practice, develop critical thinking and problemsolving skills.
Problem :
Better Products, Inc., manufactures three products. Each product has to run through all three machines
sequentially. In a typical week, hours are available on each machine. The profit contribution and production
time in hours per unit are as follows:
Category Product Product Product
Profitunit $ $ $
Machine timeunit
Machine timeunit
Machine timeunit
Only one operator is required for machine Two operators are required for machine ; thus, hours of labor
must be scheduled for each hour of machine The same applies to machine which requires two operators to
operate this machine; hence, hours of labor must be scheduled for each hour of machine A maximum of
laborhours is available for assignment to operators to work on the machines during the coming week.
Other production requirements are that product must account for at least of all units produced and product
cannot be more than of the units produced from products and
The company is interested in weekly profit. Using Excel Solver, develop the optimal product mix and answer the
following questions.
From your optimal solution, what is your product mix and its associate projected w
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