. Present the objective function. b. Present the constraint functions. c. Show and label the graph of the feasible solution.

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter9: Decision Making Under Uncertainty
Section: Chapter Questions
Problem 46P
icon
Related questions
Question

A toy manufacturer considers the production of two new mechanical toys: a
truck selling for $5 and a boat selling for $7. The direct (variable) cost per unit is $3
and $4 respectively. The company has no difficulty in selling all the toys it can
manufacture. The problem that the management faces is with the monthly
capacities of the plant. The plastic stamping division can turn out either 10,000
truck units or half as many boats. The assembly division, however, can assemble
an equal number of trucks or boats for a maximum monthly capacity of 8,000
units.
a. Present the objective function.
b. Present the constraint functions.
c. Show and label the graph of the feasible solution.
d. How can management allocate the limited capacities of the divisions in a
way which will secure the largest possible return?

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps with 3 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,