Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A tech company produces two types of gadgets: SmartWatches and FitnessBands. They aim to maximize their weekly profit considering the availability of components and production

A tech company produces two types of gadgets: SmartWatches and FitnessBands. They aim to maximize their weekly profit considering the availability of components and production capacity.
SmartWatch sells for a profit of $40 each, and FitnessBand for $20 each. There are two key components in producing their gadgets: microchips and sensors. Each SmartWatch requires 3 microchips and 2 sensors, while each FitnessBand requires 1 microchip and 3 sensors. The company has 400 microchips and 600 sensors available per week. Also, the company wants to ensure that at least 50% of the total gadgets are SmartWatches due to their popularity.Formulate the problem as a linear program.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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_2

Step: 3

blur-text-image_3

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

Essentials of strategic management

Authors: Charles w. l. hill, Gareth r. Jones

3rd Edition

1111525196, 978-1111525194

More Books

Students also viewed these General Management questions