Optimal combination of products to get the maximum profit

Assignment Help Operation Management

Reference no: EM13905155

MATHEMATICAL MODELING

The company manufactures two types of product A and B made of plastic. The company received 3,000 lbs recycled plastic of product A and 10,800 lbs recycled plastic of product B. The company also receives industrial plastic of 24,000 lbs per month. Costing $ 0.80, $ 0.60, $ 0.50 per lb respectively. There is a demand of 6400 pieces of product A, 128,000 pieces of product B for a month. Product A requires 1.5 lbs of plastic, and costs $ 30 to produce and can be sold for $ 84. Product B requires 0.025 lbs of plastic and cost $ 0.54 to produce and can sell for $ 1.20. The company can only use 33% recycled plastic for product A and 65% for the product B. Determine the optimal combination of products to get the maximum profit

Reference no: EM13905155

Questions Cloud

Must the contract be in writing to be enforceable : ABC company hired Andrew as its research director. The terms of the employment contract is five years. As ABC knows at the moment of signing, Andrew is terminally ill when the contract is created, and is not expected to live more than nine months. Mu..

Estimate the cost of the inventory destroyed : 1. Kauai Store's inventory is destroyed by a fire on September 5, 2013. The following data for year 2013 are available from the accounting records. Estimate the cost of the inventory destroyed.

Depreciation method and internal controls : What is Honda Motor Co., Ltd overarching accounting principles; i.e., revenue recognition method, depreciation method and internal controls?

Find the flow rate and head delivered by the pump : This pump is used to pump water from one reservoir to another through a pipe of length 125 m, diameter 40 cm, and friction factor 0.0054. The difference in height of the water levels in the reservoirs is 20 m. Neglecting separation losses, Find th..

Optimal combination of products to get the maximum profit : The company manufactures two types of product A and B made of plastic. The company received 3,000 lbs recycled plastic of product A and 10,800 lbs recycled plastic of product B. The company also receives industrial plastic of 24,000 lbs per month. De..

Label the variables as independent-dependent-intervening : The manager of Haines Company observes that the morale of employees in her company is low. She thinks that if their working conditions are improved, pay scales raised, and the vacation benefits made attractive, the morale will be boosted. List and la..

Which company should include any unsold goods : Which company should include any unsold goods as part of its inventory?

Suspicious subject is clarified verbal discussion sufficient : When the initial encounter with a suspicious subject is clarified by a verbal discussion sufficient to end the officer’s suspicion that criminal activity might have been about to occur, the officer may make a pat-down of the subject’s outer garments,..

Depreciation and amortization : The firm had sales of $16,205,100. Depreciation and amortization was $885,200, interest expense for the year was $881,200, and selling general and administrative expenses totaled $1,578,100 for the year, and cost of goods sold was $9,482,000 for the ..

User Account

All Pages