Gatson manufacturing company produces two types of tires: Economy tires and Premium tires. The manufacturing time...
Gatson manufacturing company produces two types of tires: Economy tires and Premium tires. The manufacturing time and the profit contribution per tire are given in the following table.
|
Operation |
Manufacturing Time (Hours) |
Time Available |
|
|
Economy tires |
Premium tires |
Hours |
|
| Material Preparation |
4/3 |
1/2 |
600 |
| Tire Building |
4/5 |
1 |
650 |
| Curing |
1/2 |
2/4 |
580 |
| Final Inspection |
1/5 |
1/3 |
120 |
| Profit/Tire |
$12 |
$10 |
|
Answer the following assuming that the company is interested in maximizing the total profit contribution.
a. What are the variables?
b. What is the objective function?
c. What are the constraints ( inequalities ) for this question. Please state them clearly and DO NOT SOLVE this question. This is a set up question.
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Gatson manufacturing company produces two types of tires:
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