Question: The Midland Tool Shop has four heavy presses it uses to stamp out prefabricated metal covers and housings for electronic consumer products. All four presses

The Midland Tool Shop has four heavy presses it uses to stamp out prefabricated metal covers and housings for electronic consumer products. All four presses operate differently and are of different sizes. Currently the firm has a contract to produce three products. The contract calls for 400 units of product 1; 570 units of product 2; and 320 units of product 3. The time (in minutes) required for each product to be produced on each machine is as follows:

The Midland Tool Shop has four heavy presses it uses

Machine 1 is available for 150 hours, machine 2 for 240 hours, machine 3 for 200 hours, and machine 4 for 250 hours. The products also result in different profits, according to the machine they are produced on, because of time, waste, and operating cost. The profit per unit per machine for each product is summarized as follows:

The Midland Tool Shop has four heavy presses it uses

The company wants to know how many units of each product to produce on each machine in order to maximize profit.
a. Formulate this problem as a linear programming model.
b. Solve the model by using thecomputer.

Machine Product 35 41 3439 40 36 32 43 38 37 33 40 2 Machine Product 1 4 $7.8 $7.8 $8.2 $7.9 6.3 5.8 6.7 8.4 8.9 8.1 9.2 9.0

Step by Step Solution

3.45 Rating (161 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

a x ij number of units of products i i 123 produced on machine j j 1234 maximize Z 78x 11 78x 12 82... View full answer

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

Document Format (1 attachment)

Word file Icon

300-B-F-F-M (3317).docx

120 KBs Word File

Students Have Also Explored These Related Finance Questions!