Molecular Products produces 3 chemicals: B, C, and D. The company begins by purchasing chemical A for
Question:
Molecular Products produces 3 chemicals: B, C, and D. The company begins by purchasing chemical A for a cost of $6 per 100 liters. For an additional cost of $3 and the use of 3 hours of skilled labor, 100 liters of A can be transformed into 40 liters of C and 60 liters of B. Chemical C can either be sold or processed further. It costs $1 and 1 hour of skilled labor to process 100 liters of C into 60 liters of D and 40 liters of B. For each chemical, the selling price per 100 liters and the maximum amount (in 100s of liters)
tha can be sold are listed in the file P04_93.xlsx.
A maximum of 200 labor hours is available.
Determine how Molecular can maximize its profit.
Step by Step Answer:
Practical Management Science, Revised
ISBN: 9781118373439
3rd Edition
Authors: Wayne L Winston, S. Christian Albright