Question

A manufacturer wants to maximize the profit of two products. Product X yields a profit of...

A manufacturer wants to maximize the profit of two products. Product X yields a profit of $ 2.50 per unit, and product Y yields a profit of $3.20 per unit. Market tests and available resources have indicated the following constraints: The combined production level should not exceed 1200 units per month. The demand for product Y is no more than half the demand for product X. The production level of product X is less than or equal to 600 units plus three times the production level of product Y.

0 0
Add a comment Improve this question Transcribed image text
Answer #1

MAXIMIZE: Z= 2.5 X1 + 3.2 X2 1 X1 + 1 X2 < 1200 -1 X1 + 2 X2 < 0 1 X1 -3 X2 < 600 X1, X2 > 0

1200 1100 1000 900 809 700 600 500 400 300 200 D 100 0 E 200 400 600 800 1000 1200 100 300 509 700 900 1100

Point X coordinate (Xi) Y coordinate (X2) Value of the objetive function (Z) 0 0 o А 0 1200 3840 B 1200 0 3000 С 800 400 3280

Number of X products= 800, Number of Y products=400

Maximum profit = 3280.

Add a comment
Know the answer?
Add Answer to:
A manufacturer wants to maximize the profit of two products. Product X yields a profit of...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Linear Progamming 3: A manufacturer wants to maximize the profit of two products.  Product X yields a...

    Linear Progamming 3: A manufacturer wants to maximize the profit of two products.  Product X yields a profit of $ 2.50 per unit, and product Y yields a profit of $3.20 per unit.  Market tests and available resources have indicated the following constraints: The combined production level should not exceed 1200 units per month. The demand for product Y is no more than half the demand for product X. The production level of product X is less than or equal to 600...

  • Exercise 3 LP 3. Amanufacturer wants to maximize the profit of two products Product X yields...

    Exercise 3 LP 3. Amanufacturer wants to maximize the profit of two products Product X yields a profit of $ 2.50 per unit, and product Y yields a profit of $3.20 per unit. Market tests and available resources have indicated the following constraints: The combined production level should not exceed 1200 units per month. The demand for product is no more than half the demand for product X. The production level of product X is less than or equal to...

  • LP 3. A manufacturer wants to maximize the profit of two products. Product l yields aprcfit...

    LP 3. A manufacturer wants to maximize the profit of two products. Product l yields aprcfit of $ 1.50 per unit, and product Il yields a profit of $2.00 per unit. Market tests and available resources have indicated the following constraints The combined production level should not exceed 1200 units per month. . The demand for product Il is no more than half the demand for product . The production level of product l is less than or equal to...

  • A chemical manufacturer produces three different chemical products. The profit per unit, the labor and raw material required per unit, and the pollution emitted per unit are given in the file. This co...

    A chemical manufacturer produces three different chemical products. The profit per unit, the labor and raw material required per unit, and the pollution emitted per unit are given in the file. This company’s two objectives are to maximize profit and minimize pollution produced. The company wants to identify a set of points that constitute a trade-off curve for these two objectives. Formulate and solve an appropriate optimization model in the given shell file to help the chemical manufacturer find this...

  • Zapit, Inc. manufactures two products, Product A and Product B. Product A yields an incremental profit...

    Zapit, Inc. manufactures two products, Product A and Product B. Product A yields an incremental profit of $2 per unit, and Product B yields an incremental profit of $4. Product A requires four hours of processing at Machine A and two hours at Machine B. Product B requires six hours at Machine A, six hours at Machine B, and one hour at Machine C. Machine A has a maximum of 120 hours of available capacity per day, Machine B has...

  • A manufacturer wants to develop a production plan for the month of February through June. The...

    A manufacturer wants to develop a production plan for the month of February through June. The forecasted demand for those months are 2500, 3700, 3900, 5000, and 2000 units, respectively. The regular-time production capacity in February and March are 3000 units and 2500 units, respectively. The overtime production capacity in February and March are 600 units and 500 units, respectively. The regular production cost is $30 per unit and the overtime production cost is $45 per unit. The cost of...

  • The following information is provided for two products: Product X Product Y Selling price per unit...

    The following information is provided for two products: Product X Product Y Selling price per unit $35 $25 Variable cost per unit 20 15 Assume the products will be sold in a store where shelf space is a scarce resource and there is sufficient room for only one of the two products. Expected sales for Product X are 6,000 units, and expected sales for Product Y are 8,000 units. Which product should be sold and why? A) Product Y should...

  • A product, sold seasonly, yields a net profit of $100 for each unit sold and a...

    A product, sold seasonly, yields a net profit of $100 for each unit sold and a net loss of $60 for each unit left unsold. The number of units for the product ordered at a department store during a season is the random variable X with probability density function P(X = i) = 1/il if 10 i 20 and P(X = i) = 1/10 otherwise. If the store must stock this product in advance, how many should it stores to...

  • The weekly demand function for x units of a product sold by only one firm is...

    The weekly demand function for x units of a product sold by only one firm is p = 600 – 3x dollars, and the average cost of production and sale is 7 = 400 + 2x dollars. (a) Find the quantity that will maximize profit. units (b) Find the selling price at this optimal quantity. per unit (c) What is the maximum profit?

  • Farris Company reported the following information for its two products: Product X Product Y Selling price...

    Farris Company reported the following information for its two products: Product X Product Y Selling price per unit $ 110 $ 120 Variable cost per unit 66 54 Due to labor constraints, demand for each of the products is greater than its supply. Product X requires one hour of labor to produce and product Y requires three hours of labor to produce. Which of the following statements is true? Product X should be produced and sold because it has a...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT