Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The XYZ Company produces two products. The total profit achieved from these prod - ucts is described by the following equation: Total profit = -

The XYZ Company produces two products. The total profit achieved from these prod-
ucts is described by the following equation:
Total profit =-0.2x12-0.4x22+8x1+12x2+1500
where x1= thousands of units of product 1
x2= thousands of units of product 2
Every 1,000 units of x1 requires one hour of time in the shipping department, and every
1,000 units of x2 requires 30 minutes in the shipping department. Each unit of each
product requires two pounds of a special ingredient, of which 64,000 pounds are avail-
able. Additionally, 80 hours of shipping labor are available. Demand for x1 and x2 is
unlimited.
a. Formulate an NLP model for this problem.
b. Implement your model in a spreadsheet and solve it.
c. What is the optimal solution?
image text in transcribed

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

Students also viewed these General Management questions