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

High growth for automobiles industry growth , High growth has been observe...

High growth has been observed since 2001-02 in automobile production. Annual growth was 16.0 percent in April-December, 2004; the growth rate in 2003-04 was 15.1 percent (Table 1.

Estimate the rate of flow, At a sudden enlargement of a water main from 240...

At a sudden enlargement of a water main from 240 mm to 480 mm diameter, the hydraulic gradient rises by 10 mm. Estimate the rate of flow.

Concept of centrifugal tension, Concept of centrifugal tension: Expl...

Concept of centrifugal tension: Explain concept of centrifugal tension in any belt drive. What is main consideration for taking maximum tension? Sol: T he belt continuo

Metallurgy, what is mean by precipitation hardening?

what is mean by precipitation hardening?

Calculate the survival function and expected value, Question Suppose T ...

Question Suppose T 1 and T 2 are independent and identically distributed Exponential variables with common hazard λ. What is the density of T = T 1 + T 2 ? What is the E(T-1

Explain the uses of pier and well foundations, Explain the uses of Pier and...

Explain the uses of Pier and Well Foundations Well foundations are used to transmit large loads from piers of bridges and other marine structures. These are constructions carr

Shear force and bending moment diagrams and contra flexure, Draw the shear ...

Draw the shear force and bending moment diagrams for the beams shown in Figures 4 and 5. Also find the maximum shear force, bending moment and the points of contra-flexure

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