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

Two-or-three-dimensional-motion, Net force acting on particle of mass 2 kg ...

Net force acting on particle of mass 2 kg is 10N in north direction.At t=o, particle was moving eastwards with 10m/s. Find displacement and velocity of particle after 2 seconds.

Types of friction, Types of Friction There are basically two types of f...

Types of Friction There are basically two types of friction, (a) Dry Friction    ( b ) Fluid Friction Dry Friction: Dry friction (also called as coulomb friction man

Define economics order quantity, a) Define Economics Order Quantity. Derive...

a) Define Economics Order Quantity. Derive, using neat diagram, the mathematical formula for economic order quantity. b) The purchase manager of an industrial unit is placing on

MRP 1, Advantages and disadvantages

Advantages and disadvantages

General tools of tool and equipment , GENERAL TOOLS: General tools include...

GENERAL TOOLS: General tools include spanners, screw drivers, files, pliers, vices, punches, mallets, chisels, grinders, drilling machine, oil and grease guns, etc.

Evaluate secure axial load, Evaluate secure axial load: A small piece ...

Evaluate secure axial load: A small piece of ISA (200 × 100 × 15) angle carries a compressive load, the line of action of which coincides along the intersection of the middle

Dynamic movement in polar coordinates, You are required to investigate the ...

You are required to investigate the dynamic movement of a mass m sliding along a rod as shown in the diagram below. The rod is rotating at a constant angular velocity θ. The mass

#clutches, #constructional features and working of Multiplate Dry Clutch

#constructional features and working of Multiplate Dry Clutch

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