Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company can decide how many additional labor hours to acquire for a given week. Subcontractor workers will only work a maximum of 20 hours

A company can decide how many additional labor hours to acquire for a given week. Subcontractor workers will only work a maximum of 20 hours a week. The company must produce at least 200 units of product A, 300 units of product B, and 400 units of product C. In 1 hour of work, worker 1 can produce 15 units of product A, 10 units of product B, and 30 units of product C. 

Worker 2 can produce 5 units of product A, 20 units of product B, and 35 units of product C. Worker 3 can produce 20 units of product A, 15 units of product B, and 25 units of product C. 

Worker 1 demands a salary of $50/hr, worker 2 demands a salary of $40/hr, and worker 3 demands a salary of $45/hr. The company must choose how many hours they should contract with each worker to meet their production requirements and minimize labor cost. 

Assuming this is a linear programming problem, which of the following is the optimal solution?


Step by Step Solution

3.45 Rating (158 Votes )

There are 3 Steps involved in it

Step: 1

The following details are given regarding the production planning of the company and it is necessary ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Social Statistics For A Diverse Society

Authors: Chava Frankfort Nachmias, Anna Leon Guerrero

7th Edition

148333354X, 978-1506352060, 1506352065, 978-1483359687, 1483359689, 978-1483333540

More Books

Students also viewed these Economics questions