The company produces two types of valves, each valve of the first type needs twice the time it takes to produce a valve of the second type. If production is limited to the second type only, then the company can produce (500) | A valve of this type. Market studies indicated the possibility of selling (150) type 1 valves and | (250) Type II valve. The profits for each valve of the first type are (8000) dinars and (5000) dinars of the second type. Determine the number of valves that can be produced for both types to maximize profits with the ecological and simplified method

The company produces two types of valves, each valve of the first type needs twice the time it takes to produce a valve of the second type. If production is limited to the second type only, then the company can produce (500) | A valve of this type. Market studies indicated the possibility of selling (150) type 1 valves and | (250) Type II valve. The profits for each valve of the first type are (8000) dinars and (5000) dinars of the second type. Determine the number of valves that can be produced for both types to maximize profits with the ecological and simplified method

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 32P

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