Question
A firm plans to manufacture three products A, B, and C which are expected to give daily net profit contributions of 3, 7, and 6
A firm plans to manufacture three products A, B, and C which are expected to give daily net profit contributions of 3, 7, and 6 (in Rs.'000) per unit respectively. A unit of each product requires 2.0 m2 of steel. There is a JIT delivery of 8.0 m2 of steel every morning. Also, following completion of production, each unit of A and B require 1.0 m2 space for storage until they are sent to the customers in the evening (C does not require storage space). The total storage space available is 3.0 m2 . Calculate the maximum possible total daily profit.
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