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PROBLEM: Billy Penny is trying to determine how many units of two types of lawn mowers to produce each day. One of these is the
PROBLEM: Billy Penny is trying to determine how many units of two types of lawn mowers to produce each day. One of these is the Standard model, while the other is the Deluxe model. The profit per unit on the Standard model is $60, while the profit per unit on the Deluxe model is $40. The Standard model requires 20 minutes of assembly time, while the Deluxe model requires 35 minutes of assembly time. The Standard model requires 10 minutes of inspection time, while the Deluxe model requires 15 minutes of inspection time. The company must fill an order for 6 Deluxe models. There are 450 minutes of assembly time and 180 minutes of inspection time available each day. Formulate the above LP problem and solve for the optimum solution by using QM for Windows. Based on the above problem answer the following questions 1 to 5 : What is an appropriate objective function for this scenario? A. Maximize Profit =40X+60Y B. Maximize Profit =60X+40Y C. Minimize Cost =40X+60Y D. Minimize cost =60X+40Y
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