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Subj: gen economics Using the SIMPLEX METHOD pls. Also, explain and show how you arrived with the answer. 1. JOBCO produces two products on two
Subj: gen economics
Using the SIMPLEX METHOD pls. Also, explain and show how you arrived with the answer.
1. JOBCO produces two products on two machines. A unit of product A requires 2 hours on machine 1 and 1 hour on machine 2. For product B. a unit requires 1 hour on machine 1 and 3 hours on machine 2. The revenues per unit of products A and B are P30 and P25 respectively. The total daily processing time available for each machine is 8 hours. Letting x and x, represent the daily number of units of products A and B, respectively, the LP model is given as Maximize revenue R = 30x, + 20%2 Subject to: 2x1 + X2 58 (machine 1) x, + 3x2 $8 (machine 2) X1. X2 20Step by Step Solution
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