Enabled: Chapter 8 Non-Linear Programming E... A firm offers three different prices on its products, depending upon the quantity purchased. Since available resources are limited, the firm would like to prepare an optimal production plan to maximize profits. Product 1 has the following profitability: $18 each for the first 90 units, $17 each for units 91-180, and $16 for each unit over 180. Product 2's profitability is $12 each for the first 65 units, $11 each for units 66-130, and $10 each for each unit over 130. The products each require 3 raw materials to produce (see table below for usages and available quantities). Raw Material A B C Product 1 usage (pounds Product 2 usage (pounds per unit) per unit) 7 6 11 9 9 - 10 units of Product 1 and Saved Use separable programming to find the optimal production plan. (Leave no cells blank be certain to enter "0" wherever required. Round the first two answers (units of Product 1 and 2) to the nearest whole number. Round the total profit answer to 2 decimal places and use unrounded unit quantities to compute it.) units of Product 2 Available Quantity (pounds) 2,500 2,000 2,300 The total profit from this plan will be
Enabled: Chapter 8 Non-Linear Programming E... A firm offers three different prices on its products, depending upon the quantity purchased. Since available resources are limited, the firm would like to prepare an optimal production plan to maximize profits. Product 1 has the following profitability: $18 each for the first 90 units, $17 each for units 91-180, and $16 for each unit over 180. Product 2's profitability is $12 each for the first 65 units, $11 each for units 66-130, and $10 each for each unit over 130. The products each require 3 raw materials to produce (see table below for usages and available quantities). Raw Material A B C Product 1 usage (pounds Product 2 usage (pounds per unit) per unit) 7 6 11 9 9 - 10 units of Product 1 and Saved Use separable programming to find the optimal production plan. (Leave no cells blank be certain to enter "0" wherever required. Round the first two answers (units of Product 1 and 2) to the nearest whole number. Round the total profit answer to 2 decimal places and use unrounded unit quantities to compute it.) units of Product 2 Available Quantity (pounds) 2,500 2,000 2,300 The total profit from this plan will be
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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