Determine the maximum profit value, Mechanical Engineering

A company makes two types of sofas, regular and long, at two locations, one in Nottingham and one in London. The plant in Nottingham has a daily operating budget of £45,000 and can produce at most 300 sofas daily in any combination. It costs £150 to make a regular sofa and £200 to make a long sofa at the Nottingham plant. The London plant has a daily operating budget of £36,000, can produce at most 250 sofas daily in any combination and makes a regular sofa for £135 and a long sofa for £180. The company wants to limit production to a maximum of 250 regular sofas and 350 long sofas each day. If the company makes a profit of £50 on each regular sofa and £70 on each long sofa, how many of each type should be made at each plant in order to maximize profit? What is the maximum profit?

Also demonstrate that the value you obtained as the maximum profit is correct.

Posted Date: 3/25/2013 1:02:01 AM | Location : United States







Related Discussions:- Determine the maximum profit value, Assignment Help, Ask Question on Determine the maximum profit value, Get Answer, Expert's Help, Determine the maximum profit value Discussions

Write discussion on Determine the maximum profit value
Your posts are moderated
Related Questions
A shaft is supported on bearings A and B, 800 mm between centres. A 20° straight tooth spur gear having 600 mm pitch diameter, is located 200 mm to the right of the left hand beari

A cantilever of length 2m carries a uniformly distributed load of 1.5 KN/m run over the whole length and appoint load of 2KN at a distance of 0.5 from the free end draw the Shear

Prove that the ratio of belt tension is given by the T 1 / T 2   = e μθ Let  T1 = Tension in belt on the tight side T2 = Tension in belt on the slack side θ = Angle

Your company received an order to machine a batch of 150 steel parts that are 73.0 mm in diameter and 250 mm in length. One of the processes is a finish turning operation. Where th


Second Gear Position: When gear M2 on the main shaft is in mesh with gear C2 on the countershaft then this is known as second gear position. To rotate free gear M2 with the m

Construct a plain scale: The distance between Indore and Bhopal is 180 kilometer. It is represented on the map via 9 centimeter. Construct a plain scale for such map, illustra

Deliverables: A QFD chart, showing the relationships between the customer requirements and the engineering specifications. (Refer to the Ullman QFD chart posted on My

When doescortiles componant of acceleration occurs

Tyre: Different bikes respond differently to different tyres, so it is impossible to make a generic recommendation. It mainly consists of outer cover and inside tube. The tyre tub