Question
The following linear programming problem has been written to plan the production of two products. The company wants to maximize its profits. X1= number of
The following linear programming problem has been written to plan the production of two products. The company wants to maximize its profits.
X1= number of product 1 produced in each batch X2= number of product 2 produced in each batch
MAX:150X1 + 250 X2
Subject to:2 X1 + 5 X2 200
3 X1 + 7 X2 175 X1, X2 0
Solve for how many units of resource two (the second constraint) are unutilized if the company produces 10 units of product 1 and 5 units of product 2?
Solve Using Excel
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
978-1259024979
