Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Problem that needs answering is at the bottom Mira Manufacturing makes four electronic products, each of which comprises three main materials: magnet, wire, and casing.

Problem that needs answering is at the bottom image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Mira Manufacturing makes four electronic products, each of which comprises three main materials: magnet, wire, and casing. The products are shipped to three distribution centers in North America, Europe, and Asia. Marketing has specified that no location should receive more than the maximum demand and that each location should receive at least the minimum demand. The material costs per unit are magnet $0.60, wire- $0.30, and casing $0.32. The following tables show all of the production information, including the number of units of each material required in each unit. Develop and solve an appropriate linear optimization model to maximize net profit. Click here to view the production data. Click here to view the demand and price data. ing- $0.32 0 o maximiz Production Data learest whole number as needed) Demand and Unit Price Data electronic products, each of which comprises three main materials: magnet, wire, and casing. The proo at no location should receive more than the maximum demand and that each location should receive at The following tables show all of the production information, including the number of units of each materia net profit. Available Raw Material Data Mirza Manufacturing makes four electronic products, each of which comprises three main materials: magnet, wire, and ca and Asia. Marketing has specified that no location should receive more than the maximum demand and that each location magnet-\$0.60, wire-\$80.30, and casing-\$0.32. The following tables show all of the production information, including the n appropriate linear optimization model to maximize net profit. Complete the table below to indicate the number of units of each type of product that maximize profit. (Round to the nearest whole number as needed) Use the model to calculate the maximum profit Maximum Proft =$ (Round to the nearest cent as needed)

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

Step: 3

blur-text-image

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

Market Regulations And Finance

Authors: Ratan Khasnabis, Indrani Chakraborty

2014th Edition

8132217942, 978-8132217947

More Books

Students also viewed these Finance questions

Question

Answered: 1 week ago

Answered: 1 week ago