Reference no: EM131644113

Question: In a typical product mix model, where a company must decide how much of each product to produce to maximize profit, there are sometimes customer demands for the products. We used upper-bound constraints for these: Don't produce more than you can sell. Would it be realistic to have lower-bound constraints instead: Produce at least as much as is demanded? Would it be realistic to have both (where the upper bounds are greater than the lower bounds)? Would it be realistic to have equality constraints: Produce exactly what is demanded?