The optimal product mix that will maximize profit

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Reference no: EM1388339

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.

Reference no: EM1388339

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