Refer to the data given in the preceding exercise for Duo Company. Assume that the direct-labor rate
Question:
Refer to the data given in the preceding exercise for Duo Company. Assume that the direct-labor rate is $24 per hour, and 10,000 labor hours are available per year. In addition, the company has a short supply of machine time. Only 8,000 hours are available each year. Uno requires 1 machine hour per unit and Dos requires 2 machine hours per unit.
Required:
Formulate the production-planning problem as a linear program. Specifically identify
(1) The decision variables,
(2) The objective function, and
(3) The constraints.
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