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Valu-Com Electronics manufactures five different models of telecomm lime left 1:11:4 terface cards for personal and laptop computers. As summarized in the following table, each
Valu-Com Electronics manufactures five different models of telecomm lime left 1:11:4 terface cards for personal and laptop computers. As summarized in the following table, each of these devices requires differing amounts of printed circuit (PC) board, resistors, memory chips, and assembly. The unit wholesale price and manufacturing cost for each model are as follows. In their next production period, Valu-Com has 80,000 square inches of PC board, 100,000 resistors, 30,000 memory chips, and 5,000 hours of assembly time available. The company can sell all the product it can manufacture, but the marketing department wants to be sure that it produces at least 500 units of each product and at least twice as many FastLink cards as HyperLink cards while maximizing profit. Formulate an LP for this Problem: a) What are the Decision Variables? b) What is the Objective Function? c) What are the constraints? d) Using Excel solver, what recommendations would you make to Valu-Com Electronics in order to achieve their desired goal? [50 Marks]
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