Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Product Mix Decision, Single and Multiple Constraints, Basics of Linear Programming Desayuno Products, Inc., produces cornflakes and branflakes. The manufacturing process is highly mechanized; both
Product Mix Decision, Single and Multiple Constraints, Basics of Linear Programming Desayuno Products, Inc., produces cornflakes and branflakes. The manufacturing process is highly mechanized; both products are produced by the same machinery by using different settings. For the coming period, 200,000 machine hours are available. Management is trying to decide on the quantities of each product to produce. The following data are available: Cornflakes Branflakes Machine hours per unit 1.00 0.50 Unit selling price $2.50 $3.00 Unit variable cost $1.50 $2.25 Required: 1. Determine the units of each product that should be produced in order to maximize profits. If a product should not be produced at all, enter "0" as your answer. Cornflakes 150,000 X units Branflakes 300,000 X units 2. Because of market conditions, the company can sell no more than 150,000 boxes of cornflakes and 300,000 boxes of branflakes. Do the following: a. Formulate the problem as a linear programming problem. If required, round your answers to the nearest cent. If a value is zero, enter "0" as your answer. Let X = Number of boxes of cornflakes Let Y = Number of boxes of branflakes Objective function: 7 = z = 1 X + 0.75 Y Subject to: Machine constraint: 1 X + 0.5 Ys 200,000 Demand constraint: X 5 150,000 Demand constraint: Y s 300,000 X 2 o Y 0
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started