A company produces two kinds of products. A product of the first type requires 1/4 hours of assembly labor, 1/8 hours of testing, and $1.2 worth of raw materials. A product of the second type requires 1/3 hours of assembly, 1/3 hours of testing, and S0.9 worth of raw materials. Given the current personnel of the company, there can be at most 90 hours of assembly labor and 80 hours of testing each day. Products of the first and second type have a market value of S9 and S8 respectively.
(a) Formulate a linear program that maximizes the daily profit of the company
(b) Write the standard form of the LP you formulated in part (a)
(c) Consider the following modification to the original problem: Suppose that up to 50 hours of overtime assembly labor can be scheduled, at a cost of $7 per hour. Cant be easily incorporated into the linear programming formulation and how?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A company produces two kinds of products. A product of the first type requires 1/4 hours of assembly labor, 1/8 hours of testing, and $1.2 ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
In a discount interest loan, you pay the interest payment up front. For example, if a 1-year loan is stated as $20,000 and the interest rate is 10%, the borrower "pays" 0.
Answers (1)
Which of the following would generally not be considered an attribute of a good leader? listener combative guide patient
Answers (1)
What is the duration of a two-year bond that pays an annual coupon of 10.8 percent and has a current yield to maturity of 13.3 percent? Use $1,000 as the face value. (Do not round intermediate calculations. Round your answer to 4 decimal places. (e.
Answers (1)
Equipment originally costing $65,000 has accumulated depreciation of $25,000. If the equipment is sold for $30,000, the company should record: Multiple Choice A gain of $10,000. A loss of $10,000. A loss of $35,000. No gain or loss.
Answers (1)
What time period alternatives does quickbooks accountant provide for a balance sheet?
Answers (1)
New Questions in Business
What is the alternate name for income tax return form1040?
Answers (1)
Porite Company recognizes revenue in the period in which it records an asset for the related account receivable, rather than in the period in which the account receivable is collected in cash.
Answers (1)
You have $ 400 and a bank is offering 4.0 % interest on deposits. If you deposit the money in the bank, how much will you have in one year?
Answers (1)
A promissory note a. cannot be factored to another party. b. has the party to whom the money is due as the maker. c. may be used to settle an accounts receivable. d. is not a formal credit instrument.
Answers (1)
Davison Company determined that the book basis of its net accounts receivable was less than thetax basis of its net accounts receivable by $800,000 due to a difference in the allowance for baddebts account.
Answers (1)