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A manufacturing company makes two products. The profit estimates are $1000 for each unit of product 1 sold and $1200 for each unit of product 2 sold. The labor-hour requirements
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THE PROFIT ESTIMATES / TUTORIALOUTLET DOT COM The profit estimates FOR MORE CLASSES VISIT www.tutorialoutlet.com Part 1: A manufacturing company makes two products. The profit estimates are $1000 for each unit of product 1 sold and $1200 for each unit of product 2 sold. The labor-hour requirements for the products in each of the three production departments are summarized (see attached). The production supervisors in the departments have estimated that the following number of labor-hours will be available during the next month: 48 hours in department A, 18 hours in department B, and 40 hours in department C. Assuming that the company is interested in maximizing profits, formulate a linear program for this problem. Answer the following: 1) What is the optimal solution? 2) Which constraints are binding? Which constraints have slack/surplus? 3) Which parameter could be adjusted to make for a better optimal solution.
