Question
The Pyrotec Company produces three electrical products: clocks, radios, and toasters. These product have the following resources requirements: Product Cost/Unit Labor Hours/Unit Clock $7 2
The Pyrotec Company produces three electrical products: clocks, radios, and toasters. These product have the following resources requirements:
Product | Cost/Unit | Labor Hours/Unit |
Clock | $7 | 2 |
Radio | 10 | 3 |
Toaster | 5 | 2 |
The manufacturer has a daily production budget of $2000 and a maximum of 660 hours of labor. The maximum daily customer demand is for 200 clocks, 300 radios, and 150 toaster. Clocks will sell for $15, radios for $20, and toasters for $12. The company wants to know the optimal product mix that will maximize profit.
a.) Formulate the linear programming model for this problem.
b.) Solve the model by using the computer (EXCEL/Simplex Method)
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