A company manufactures two products Q and W on three machines A, B and C. Q requires 1 hrs on machine A, 1 hr on machine B and C and yields a revenue of USD 3. Product W requires 2 hrs on machine A and 1 hr on machine B and C and yields revenue of USD 5. In the comming period the available time of three machines A, B and C are 2000 hrs, 1500 hrs and 600 hrs respectively. Find the optimal product m

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Q: on

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Q: Muir Manufacturing produces two popular grades of commercial carpeting among its many other…

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Q: A coffee machine is used to produce two interchangeable products. The daily capacity of the coffee…

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Q: Weenies is a food processing plant which manufactures hot dogs and hot dog buns. They grind their…

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Optimization Models

Optimization models are mathematical models that help organizations determine the best way to allocate scarce resources to achieve specific objectives. These models can be used to solve a wide variety of problems, from finding the most efficient route for a delivery truck to determining the optimal mix of products to stock in a store.