Mirza Manufacturing makes four electronic products, each of which is comprised of three main materials: magnet, wiring,
Question:
Mirza Manufacturing makes four electronic products, each of which is comprised of three main materials: magnet, wiring, and casing. The products are shipped to three distribution centers in North America, Europe, and Asia. Marketing has specified that no location should receive more than the maximum demand and should receive at least the minimum demand. The
material costs/unit are: magnet—$0.59, wire—$0.29, and casing—$0.31. The table below shows the number of units of each material required in each unit of end product and the production cost per unit.
Additional information is provided below.
Packaging and Shipping Cost/Unit | |||
Product | NA | EU | Asia |
A | $ 0.20 | $0.25 | $ 0.35 |
B | $ 0.18 | $0.22 | $ 0.30 |
C | $ 0.18 | $0.22 | $ 0.30 |
D | $ 0.17 | $0.20 | $ 0.25 |
Develop an appropriate linear optimization model to maximize net profit.
DistributionThe word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
Step by Step Answer:
Statistics Data Analysis And Decision Modeling
ISBN: 9780132744287
5th Edition
Authors: James R. Evans