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This has to be done using the optimization solver in Excel. H&R Enterprises produce two versions of a sub-assembly component for a refrigeration system which
This has to be done using the optimization solver in Excel.
H\&R Enterprises produce two versions of a sub-assembly component for a refrigeration system which are sold to suppliers. The unit profit for the "traditional" version (AR-4001) is $49 per unit, while the unit profit for the "deluxe" version (AR-4002) is $69 per unit. AR-4001 requires 3 pounds of material, 2 hours of labor, and 1 hour of machine time. AR-4002 requires 3.5 pounds of material, 3 hours of labor, and 1.5 hours of machine time. The company has 3000 pounds of raw material, 1800 hours of labor, and 1400 of machine time available. H\&R Enterprises produce two versions of a sub-assembly component for a refrigeration system which are sold to suppliers. The unit profit for the "traditional" version (AR-4001) is $49 per unit, while the unit profit for the "deluxe" version (AR-4002) is $69 per unit. AR-4001 requires 3 pounds of material, 2 hours of labor, and 1 hour of machine time. AR-4002 requires 3.5 pounds of material, 3 hours of labor, and 1.5 hours of machine time. The company has 3000 pounds of raw material, 1800 hours of labor, and 1400 of machine time available Step by Step Solution
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