Clocks sell for 15 radios for 20 and toasters for 12. the, Ask an Expert

Management Studies

The Tycron Company produces three electrical products - clocks, radios, and toasters. These products have the following resource requirements:

Resource Requirements
Product Cost/Unit Labor Hours/Unit
Clock $7 2
Radio 10 3
Toaster 5 2

The manufacturer has a daily production budget of $2000 and a maximum of 660 hours of labor. Maximum daily customer demand is for 200 clocks, 300 radios, and 150 toasters. Clocks sell for $15, radios, for $20, and toasters, for $12. The company desires to know the optimal product mix that will maximize profit.

Formulate and solve a linear programming model for this problem.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M9353588

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