Formulate an integer programming problem to maximize profits

Assignment Help Operation Management

Reference no: EM13962666

A manufacturer can sell product 1 at a profit of $2/unit and product 2 at a profit of $5/unit. Three units of raw material are needed to manufacture 1 unit of product 1, and 6 units of raw material are needed to manufacture 1 unit of product 2. A total of 120 units of raw material are available. If any of product 1 is produced, a setup cost of $10 is incurred, and if any of product 2 is produced, a setup cost of $20 is incurred. Formulate an integer programming problem to maximize profits.

Reference no: EM13962666

Questions Cloud

Prepare a report showing the spending variances for april : Prepare a report showing the spending variances for April. Explain what these variances mean.

Workers compensations statutes : provide benefits to employees injured in the course and scope of their work, unless the employee was at fault. provide benefits to employees injured in the course and scope of their work, regardless of whether the employee was at fault, and remove th..

Parent company used the fifo method of inventory valuation : Parent company used the FIFO method of inventory valuation. Using the complete equity method, what are the journal entries and workpaper entries for 2016.

Unique problems in international marketing : Perhaps advertising is the side of international marketing with the greatest similarities from country to country throughout the world. Paradoxically, despite its many similarities, it may also be credited with the greatest number of unique problems ..

Formulate an integer programming problem to maximize profits : A manufacturer can sell product 1 at a profit of $2/unit and product 2 at a profit of $5/unit. Three units of raw material are needed to manufacture 1 unit of product 1, and 6 units of raw material are needed to manufacture 1 unit of product 2. A tot..

Prepare for filling out an employment application : Why is it essential to use power words and keywords in a resume? Describe at least two ways you can tailor your resume to fit a specific employer? Use examples from your own resume. How can you prepare for filling out an employment application?

Explain the methodology for functional specification : Evaluate the cost of Subcontracting as one of the Traditional Technologies to support Agile/VE Integration. Explain the methodology for Functional Specification.

Linear programming solution-graphically : Describe and illustrate graphically the special cases that can occur in a linear programming solution. What clues for these cases does the simplex procedure supply?

Discuss the use of online analytic processing : Discuss the use of online analytic processing (OLAP) cube as a flexible way to obtain business insights. Choose two out of the following topics below and related your discussions to the business environment based on your own work experiences.

User Account

All Pages