A company produces widgets at plants 1 and 2. It costs 135x1y2 dollars to produce x units at plant 1 and 260x1y3 dollars to produce x units at plant 2.Each plant can produce up to 1000 units. Each unit produced can be sold for $12. At most 1700 widgets can be sold. Determine how the company canmaximize its profit.
A company produces widgets at plants 1 and 2. It costs 135x1y2 dollars to produce x units at plant 1 and 260x1y3 dollars to produce x units at plant 2.Each plant can produce up to 1000 units. Each unit produced can be sold for $12. At most 1700 widgets can be sold. Determine how the company canmaximize its profit.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter7: Nonlinear Optimization Models
Section: Chapter Questions
Problem 58P
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A company produces widgets at plants 1 and 2. It costs 135x1y2 dollars to produce x units at plant 1 and 260x1y3 dollars to produce x units at plant 2.
Each plant can produce up to 1000 units. Each unit produced can be sold for $12. At most 1700 widgets can be sold. Determine how the company can
maximize its profit.
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