Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Scottsville Textile Mill produces several different fabrics on eight dobby looms that operate 24 hours per day and are scheduled for 30 days in

image text in transcribed

image text in transcribed
The Scottsville Textile Mill produces several different fabrics on eight dobby looms that operate 24 hours per day and are scheduled for 30 days in the coming month. The mill will produce only Fabric 1 and Fabric 2 during the coming month. Each dobby loom can turn out 4.65 yards of either fabric per hour. Assume that there is a monthly demand of 16,000 yards of Fabric 1 and 12,000 yards of Fabric 2. Profits are calculated as 33c per yard for each fabric produced on the dobby looms. (a) Will it be possible to satisfy total demand? Yes, the mill can produce enough to meet the demand. No, the mill can not produce enough to meet the demand. (b) In the event that total demand is not satisfied, the Scottsville Textile Mill will need to purchase the fabrics from another mill to make up the shortfall. Its profits on resold fabrics ordered from another mill amount to 20c per yard for Fabric 1 and 16c per yard for Fabric 2. How many yards of each fabric should it produce to maximize profits? (Round your answers to one decimal place. If total demand is satisfied, enter NONE.) Fabric 1 Fabric 2 yd

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

Graph Theory With Applications

Authors: Fred Buckley, Marty Lewinter

1st Edition

1478616148, 9781478616146

More Books

Students also viewed these Mathematics questions