Question
Management Science What is the answer on these following questions with the use of the given problem below? The firm has 2 products, A and
Management Science
What is the answer on these following questions with the use of the given problem below?
The firm has 2 products, A and B. Product A has unit profit of 5 while product B has a
profit of 10 per unit. Product A and B requires 2 and 5 hours of production time for each
unit produced, respectively. Use y as the number of units of product A produced and x
as the number of Product B produced.
a. Show the mathematical model when both products are considered
simultaneously.
b. Identify the controllable and uncontrollable inputs for this model.
c. Draw the flowchart of the input-output process for this model
d. What are the optimal solution values of x and y?
e. Is the model developed in part (a) a deterministic or a stochastic model? Explain.
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