Question
A company sells two different nut mixes. The cheapest mix contains 80% peanuts and 20% walnuts; while the most expensive one contains 50% of each
A company sells two different nut mixes. The cheapest mix contains 80% peanuts and 20% walnuts; while the most expensive one contains 50% of each type. Each week the company can obtain up to 1,800 kilos of peanuts and 1,200 kilos of walnuts from its supply sources.
How many kilos of each mixture should they produce to maximize profits if profits are $10 for each kilo of the cheapest mix and $15 for each kilo of the most expensive mix?
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Step: 1
To maximize profits we need to determine the optimal amount of each nut mixture the company should produce Lets assume they produce x kilos of the cheapest mix and y kilos of the most expensive mix Gi...Get Instant Access to Expert-Tailored Solutions
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Step: 3
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Operations management processes and supply chain
Authors: Lee J Krajewski, Larry P Ritzman, Manoj K Malhotra
9th edition
9788131728840, 136065767, 8131728846, 978-0136065760
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