Determine the maximum profit value, Mechanical Engineering

Assignment Help:

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.


Related Discussions:- Determine the maximum profit value

Explain about the CAD system, Explain about the CAD system. CAD systems...

Explain about the CAD system. CAD systems generally require considerable processor power and a number of output and input devices; for instance: - Light pens - Large scre

Clutch in motorcycle, Clutch: Clutch is a part which is used to transmit t...

Clutch: Clutch is a part which is used to transmit the rotary motion of one shaft to another shaft, when desired; the axis of second shaft must be in line with the axis of the fir

Assignment, AskTask 2 (3 questions) Material engineers should be conversant...

AskTask 2 (3 questions) Material engineers should be conversant of various materials, their properties, manufacturing process involved, environmental issues, monetary issues and mo

Resistance seam welding, Resistance Seam Welding This is similar to spo...

Resistance Seam Welding This is similar to spot welding except that the copper alloy electrodes are in the form of circular rollers. The overlapping sheets are held under const

Mechanotechnics, list 5 important factors in the design of a workshops layo...

list 5 important factors in the design of a workshops layout

Calculate quantity of steam in the vessel - thermodynamics, Calculate quant...

Calculate quantity of steam in the vessel - thermodynamics: A closed metallic boiler drum having capacity of 0.24m 3 contains steam at pressure of 11bar and a temperature

Find out bulk modulus, Find out bulk modulus: A steel bar of 25 mm dia...

Find out bulk modulus: A steel bar of 25 mm diameter was tested on a gauge length of 250 cm in tension and in torsion. A tensile load of 50 kN generated an extension of 0.13 m

V shaped tank, This lab sheet is designed to guide students through the exp...

This lab sheet is designed to guide students through the experimentation they will need to conduct in order to complete the continual assessment element of their NG3H235 studies.Th

Relationships among vm, Relationships among VM, Virtual Prototyping, the Vi...

Relationships among VM, Virtual Prototyping, the Virtual Enterprise Virtual Manufacturing (VM) VM is a synthetic, integrated manufacturing environment exercised to improve

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd