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Category > Business & Finance Posted 22 Jul 2017 My Price 11.00

The Tycron Company produces three electrical products—clocks

The Tycron Company produces three electrical products—clocks, radios, and toasters. These products have the following resource requirements:

Product

Resource Requirements

Cost/Unit

Labor Hours/Unit

Clock

$ 7

2

Radio

10

3

Toaster

5

2

The manufacturer has a daily production budget of $2000 and a maximum of 660 hours of labor. Maximum daily customer demand is for 200 clocks, 300 radios, and 150 toasters. Clocks sell for $15, radios, for $20, and toasters, for $12. The company desires to know the optimal product mix that will maximize profit.

Formulate and solve a linear programming model for this problem.

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Status NEW Posted 22 Jul 2017 12:07 PM My Price 11.00

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