Formulate a linear programming model for problem

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The Apex Television Company has to decide on the number of 27- and 20-inch sets to be produced at one of its factories. Market research indicates that at most 40 of the 27-inch sets and 10 of the 20-inch set can be sold per month. The maximum number of work-hours available is 500 per month. A 27-inch set requires 20 work-hours and a 20-inch set requires 10 work-hours. Each 27-inch set sold produces a profit of $120 and each 20-inch set produces a profit of $80. A wholesaler has agreed to purchase all the television sets produces if the numbers do not exceed the maxima indicated by market research. a) Formulate a linear programming model for this problem b) Solve using Excel c) How many 27-inch and 20-inch televisions would you produce to maximize profit if the time to manufacture the 20-inch televisions increases to 12 work hours? d) How many 27-inch and 20-inch televisions would you produce to maximize profit if the time to manufacture the 20-inch televisions increases to 14 work hours?

Reference no: EM131230203

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