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A manufacturing firm has discontinued production of a certain unprofitable product line. Considerable excess production capacity was created as a result. Management is considering devoting
A manufacturing firm has discontinued production of a certain unprofitable product line. Considerable excess production capacity was
created as a result. Management is considering devoting this excess capacity to one or more of three products: and
Machine hours required per unit are
The available time in machine hours per week is
The salespeople estimate they can sell all the units of and that can be made. But the sales potential of is units per
week maximum.
Unit profits for the three products are
a Set up the equations that can be solved to maximize the profit per week. Leave no cells blank be certain to enter wherever
required.
b Solve these equations using the Excel Solver. Leave no cells blank be certain to enter wherever required. Round your
answers to the nearest whole number. Use your ROUNDED decision variable values to compute total profit.
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