Reference no: EM1347866
Abotte Products produces three products, A, B, and C. The company can sell up to 300 pounds of each product at the following prices (per pound): product A, $10; product B, $12; product C, $20. Abotte purchases raw material at $5 per pound. Each pound of raw material can be used to produce either one pound of A or one pound of B. For a cost of $3 per pound processed, product A can be converted to 0.6 pound of product B and 0.4 pound of product C. For a cost of $2 per pound processed product B can be converted to 0.8 pound of product C.
Determine how Abotte can maximize its profit.
Determine how much of A to make, how much of A to reprocess into B and C, how much of B to make, and how much of B to reprocess into C. That would be 4 changing cells. Remember that how much you make won't always be how much you have to sell. If I make 200 pounds of A but reprocess change 50 pounds, I will only have 150 pounds of A to sell (200 less the 50 reprocessed) but I get some B and C to sell.
Here are some check figures:
If I make 20 pounds of A and 20 pounds of B, I should use 40 pounds of raw material. Then if I convert half of each, I should have these quantities to sell:
Product A 10
Product B 16
Product C 12
The profit with this plan would be: $282
Hint: The optimal profit I got was: $6,975
Create a spreadsheet in excel. Run Solver to get the optimal result.
|
Important information about organizations as cultures
: What things about organizations are considered to be parts of organizational culture, and what things are excluded from that category, in terms of the different models.
|
|
Differences between a mature global market
: Compare the differences between a mature global market, a new growth market, and a newly industrialized economy.
|
|
Designing worksheet which can use to create budget
: You're meeting with Georgia tomorrow to provide her specific direction on how to develop the budget for the county fair event portion of project. She has determined that the event will most likely involve the tent of some sort which contains table..
|
|
Relationship between motivation and job satisfaction
: Explain the relationship between motivation and job satisfaction; are motivated employees more satisfied, or are satisfied employees more motivated?
|
|
Estimation of maximize profit
: Abotte Products manufactures three items, A, B, and C. The corporation can sell up to 300 pounds of each product at the following prices; estimate how Abotte can maximize its profit.
|
|
Explain what does american production function exhibit
: hat is American's MRTS between K and L? MRTS between K and F. Should American try to ensure that all its MRTSs are equal. Explain what does American's production function exhibit constant, increasing, or decreasing returns to scale.
|
|
Critical analysis
: what would you say to this individual if he or she was part of a team you were working on for the development of a new product?
|
|
Oracle having multiple group functions in same select list
: Can Oracle have multiple group functions in the same SELECT list of query (i.e can we do a COUNT and AVG)? Let us assume we wanted to find lowest, highest, average.
|
|
Compute the adiabatic exponent of mixture
: A uniform plank of length 4.3 m and weight 201 N rests horizontally on two supports, with 1.1 m of the plank hanging over the right support (see the drawing). To what distance x could a person who weighs 449 N walk on the overhanging part of the p..
|