Ask Question
26 August, 19:35

Quill Manufacturing Business makes two models of marking pens. The requirements for each lot of pens in the three manufacturing departments are given below. All three departments are necessary in the production of both types of pens. The profit for both types of pen is $1000 per lot. What is the optimal production quantity for the Tiptop model pen?

Fliptop Model Tiptop Model Available production hours

Ink Assembly 3 4 36

Molding Time 5 4 40

Plastic 5 2 30

+5
Answers (1)
  1. 26 August, 19:41
    0
    Optimal production quantity for the Tiptop model pen is 7.5 lot

    Explanation:

    Say, X and Y is the is the fliptop and tiptop quantity respectively, then

    Profit = 1000 * (X + Y)

    Objective function: Maximize 1000 * (X+Y) subject to;

    Eq:1 3X+4Y=< 36

    Eq:2 5X+4Y=< 40

    Eq:3 5X+2Y=< 30

    Using Excel Solver, we get:

    Optimal production quantity for the Tiptop model pen is 7.5 lot
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Quill Manufacturing Business makes two models of marking pens. The requirements for each lot of pens in the three manufacturing departments ...” 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