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Clocks sell for euro45 radios for euro60 and toasters for

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Reference no: EM13589443

A company produces three electrical products-clocks, radios, and toasters. These products have the following resource requirements.

 

Resource requirements

 

Cost/unit (€)

Labour hours/unit

Clock

20

2

Radio

25

3

Toaster

15

2

The company has a daily production budget of €6000, and a maximum of 660 hours of labour. Maximum daily customer demand is for 200 clocks, 200 radios, and 150 toasters. Clocks sell for €45, radios for €60, and toasters for €35. The company wishes to know the optimal product mix that will maximise profit. Formulate the problem as a LP problem.

Reference no: EM13589443

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