Maxwell Manufacturing makes two models of felt tip marking pens. Requirements for each lot of pens are given below. Fliptop model Tiptop model Availble Plastic 3 4 36 Ink Assembly 5 4 40 Molding Time 5 2 30 The profit for either model is $1000 per lot. Find the optimal objective function value.

Maxwell Manufacturing makes two models of felt tip marking pens. Requirements for each lot of pens are given below. Fliptop model Tiptop model Availble Plastic 3 4 36 Ink Assembly 5 4 40 Molding Time 5 2 30 The profit for either model is $1000 per lot. Find the optimal objective function value.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 33P: Assume the demand for a companys drug Wozac during the current year is 50,000, and assume demand...

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Forecasting in Business

Forecasting is the process of predicting the future based on the past and the present data and circumstances. In other words, forecasting is the act of making a detailed analysis of future events based on the decisions made in the past as well as the present. Forecasting plays a very important role in operational management as it helps in planning and decision-making. It is not only important for the success of a business but also contributes to individual growth and success. Many business organizations or companies have failed due to the shortcomings of their forecasting.

Question

Maxwell Manufacturing makes two models of felt tip marking pens. Requirements for each lot of pens are given below.


		Fliptop model	Tiptop model	Availble
	Plastic	3	4	36
	Ink Assembly	5	4	40
	Molding Time	5	2	30


	The profit for either model is $1000 per lot. Find the optimal objective function value.

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