Three electrical products-clocks-radios and toasters

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Reference no: EM132228404

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

Resource Requirements

Cost/Unit Labor Hours/Unit

Clock $ 7 2

Radio 10 3

Toaster 5 2

The manufacturer has a daily production budget of $2,000 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 wants to know the optimal product mix that will maximize profit.

Formulate a linear programming model for this problem by defining the decision variables, objective function, and all the constraints. Do NOT solve the problem after formulating.

Reference no: EM132228404

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