Question
LP Model create a model for Apple Inc. that would maximize profits of the iPhone and the iPad and minimize production time to make them.
LP Model
create a model for Apple Inc. that would maximize profits of the iPhone and the iPad and minimize production time to make them. We identified the the following constraints:
Production
- Facility can not exceed 350,000 workers
- Time Constraint: Employees can not work more than 12 hours per day and production time can not exceed 7200 minutes
Profit
- The iPhone makes a profit of $529 per unit
- The iPad makes a profit of $123.90 per unit
Decision Variables
X1= iPhone
X2=iPad
iPhone sells for $1099
cost $570 to produce
500,000 iPhones are produced in a day
217 million iPhones produced in a year
It takes roughly 17 hours or 1020 minutes to make an iPhone.
iPad sells for $499
cost $375.10 to produce
300,000 iPads are produced a day
19.2 million iPads are produced a year
It takes roughly 5 days or 7200 minutes to make an iPad.
There are 350,000 workers per facility working 12-hour shifts at $1.90 an hour for iPad and $1.62
for iPhone.
325 workers to make an iPad and 4 people to make an iPhone.
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