The Pyrotec Company produces three electrical products—clocks, radios, and toasters. These products have the following resource requirements: The manufacturer has a daily production budget of $2,000 and a maximum of 660 hours of labor. Maximum daily customer demand is for 200 clocks, 300 radios, and 150 toasters. Clocks sell for $15, radios for $20, and toasters for $12. The company wants to know the optimal product mix that will maximize profit. a. Formulate a linear programming model for this problem. b. Solve the model by using the computer

A First Course in Probability (10th Edition)
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ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
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Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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The Pyrotec Company produces three electrical products—clocks, radios, and toasters. These products have the following resource requirements:

The manufacturer has a daily production budget of $2,000 and a maximum of 660 hours of labor. Maximum daily customer demand is for 200 clocks, 300 radios, and 150 toasters. Clocks sell for $15, radios for $20, and toasters for $12. The company wants to know the optimal product mix that will maximize profit.

a. Formulate a linear programming model for this problem.

b. Solve the model by using the computer

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