Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Apex Television Company has to decide on the number of 6 5 and 5 5 sets to be produced at one of its factories.

The Apex Television Company has to decide on the number of 65 and 55 sets to be produced at one of its factories. Market research indicates that at most 280 of the 65 sets and 70 of the 55 sets can be sold per month. The maximum number of work-hours available is 3,800 per month. A 65 set requires 20 work-hours and a 55 set requires 10 work-hours. Each 65 set sold produces a profit of $270 and each 55 set produces a profit of $180. A wholesaler has agreed to purchase all the television sets produced if the numbers do not exceed the maxima indicated by the market research.
65" Sets 55" Sets
Unit Profit $270 $180
Work Hours Per Unit Produced Hours
Available
Work Hours 20103,800
Click here for the Excel Data File
Formulate and solve a linear programming model for this problem on a spreadsheet.
Determine the number of 65 and 55 sets produced if the numbers do not exceed the maxima indicated by the market research.
Determine the total profit.

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

Understanding And Managing Public Organizations

Authors: Hal G. Rainey

4th Edition

047040292X, 978-0470402924

More Books

Students also viewed these General Management questions

Question

What is the relationship between humans?

Answered: 1 week ago

Question

What is the orientation toward time?

Answered: 1 week ago