Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Par Inc. manufactures two lightweight Motorcycles, Par-rider and Lady-sport. Par Inc. produces the engines for both models at its Des Moines plant. Each Par-rider engine

Par Inc. manufactures two lightweight Motorcycles, Par-rider and Lady-sport. Par Inc. produces the engines for both models at its Des Moines plant. Each Par-rider engine requires 6 hours of manufacturing time, and each Lady-sport engine requires 3 hours of manufacturing time. The Des Moines plant has 2100 hours of engine manufacturing time available for the next production period. The supplier can only provide up to 300 Lady-sport for the next production period, but there is no limitation for Par-rider engine production. Final assembly and testing require 2 hours for each Par-rider model and 3 hours for each Lady-sport model. A maximum of 1000 hours of assembly and testing time are available for the next production period. The company's accounting department projects a profit contribution of $2400 for each Par-rider produced and $1500 for each Lady-sport produced.

Formulate the model to maximize the profit. Solve the problem graphically. What is the optimal solution? Show all your calculations.

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

Strategic Management Formulation Implementation And Control In A Dynamic Environment

Authors: Abbass Alkhafaji, Richard Alan Nelson

1st Edition

0789018098, 978-0789018090

More Books

Students also viewed these General Management questions

Question

What is a tax? How does a tax differ from a fine?

Answered: 1 week ago

Question

4. The Gurley-Shaw approach

Answered: 1 week ago