ABC is a small manufacturer of two types of popular all-terrain snow skis, the J and the D models. The manufacturing process consists of two principal departments: fabrication and finishing. The fabrication department has 12 skilled workers, each of whom works 7 hours per day. The finishing department has 3 workers, who also work a 7-hour shift. Each pair of J skis require 3.5 labor-hours in the fabricating department and 1 labour-hour in finishing. The D model requires 4 labor-hours in fabricating and 1.5 labour-hours in finishing. The company operates 5 days a week. ABC makes a net profit of $50 on the J model and $65 on the D model. In anticipation of the next ski-sale season, ABC must plan its production of these two models. Because of the popularity of its products and limited production capacity, its products are in high demand, and ABC can sell all it can produce each season. The company anticipates selling at least twice as many D as J models. Answer the following:

ABC is a small manufacturer of two types of popular all-terrain snow skis, the J and the D models. The manufacturing process consists of two principal departments: fabrication and finishing. The fabrication department has 12 skilled workers, each of whom works 7 hours per day. The finishing department has 3 workers, who also work a 7-hour shift. Each pair of J skis require 3.5 labor-hours in the fabricating department and 1 labour-hour in finishing. The D model requires 4 labor-hours in fabricating and 1.5 labour-hours in finishing. The company operates 5 days a week. ABC makes a net profit of $50 on the J model and $65 on the D model. In anticipation of the next ski-sale season, ABC must plan its production of these two models. Because of the popularity of its products and limited production capacity, its products are in high demand, and ABC can sell all it can produce each season. The company anticipates selling at least twice as many D as J models. Answer the following:

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter7: Nonlinear Optimization Models

Section7.7: Portfolio Optimization Models

Problem 41P

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