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matrenka [14]
2 years ago
6

. A company produces two products, A and B, which have profits of $9 and $7, respectively. Each unit of product must be processe

d on two assembly lines, where the required production times are as follows. Product Hours/Unit Line 1 Line 2 A 12 4 B 4 8 Total hours 60 40 a) Formulate a linear programming model to determine the optimal product mix that will maximize profit. b) Transform this model into standard form.
Business
1 answer:
prohojiy [21]2 years ago
4 0

Answer:

(a) Linear model

max\ P = 9x + 7y

Subject to:

12x + 4y \le 60

4x + 8y \le 40

x,y \ge 0

(b) Standard form:

max\ P = 9x + 7y

Subject to:

12x + 4y + s_1 = 60

4x + 8y +s_2= 40

x,y \ge 0

s_1,s_2 \ge 0

Explanation:

Given

\begin{array}{ccc}{} & {Hours/} & {Unit} & {Product} & {Line\ 1} & {Line\ 2} & {A} & {12} & {4} & {B} & {4} & {8} & {Total\ Hours} & {60} &{40}\ \end{array}

Solving (a): Formulate a linear programming model

From the question, we understand that:

A has a profit of $9 while B has $7

So, the linear model is:

max\ P = 9x + 7y

Subject to:

12x + 4y \le 60

4x + 8y \le 40

x,y \ge 0

Where:

x \to line\ 1

y \to line\ 2

Solving (b): The model in standard form:

To do this, we introduce surplus and slack variable "s"

For \le inequalities, we add surplus (add s)

Otherwise, we remove slack (minus s)

So, the standard form is:

So, the linear model is:

max\ P = 9x + 7y

Subject to:

12x + 4y + s_1 = 60

4x + 8y +s_2= 40

x,y \ge 0

s_1,s_2 \ge 0

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<h3>What is GDP?</h3>

The gross domestic product stands as a monetary measurement of the market value of all the final goods and services produced in a distinctive period by countries. Due to its complex and subjective nature, this measure exists often revised before being deemed a reliable indicator.

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6 0
1 year ago
In choosing to acquire a TV manufacturer as part of your entry strategy to enter the Smart TV market, Apple intends to integrate
Zarrin [17]

Answer:

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Jackie has been reading about international trade and that one nation has the ability to produce a specific product more efficie
ludmilkaskok [199]

Answer: (A) Cooperative advantage

Explanation:

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Answer:

A. 8%

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Profit margin = 0.08

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8 0
3 years ago
According to the equation for the Phillips curve, if nominal wages and labor productivity both increase by 3%, then the inflatio
erastova [34]

Answer:

Increases, decreases

Explanation:

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<u>Therefore as given in the scenario, wage increase signifies economic growth which will lead to increase in inflation and a decrease in unemployment</u>

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