The Pyrotec Company produces three electrical productsclocks, radios, and toasters. These products have the following resource requirements: Resource Requirements Cost/Unit Labor Hours/Unit Clock $7 2 Radio 10 3 Toaster 5 2 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.

The Pyrotec Company produces three electrical productsclocks, radios, and toasters. These products have the following resource requirements: Resource Requirements Cost/Unit Labor Hours/Unit Clock $7 2 Radio 10 3 Toaster 5 2 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.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter6: Optimization Models With Integer Variables

Section: Chapter Questions

Problem 56P

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