What the optimal number of coffee makers to produce is

Reference no: EM132644705

Save Answ The ABC Company produces three types of kitchen appliances: mixers, toasters and coffee makers. These products have the following resource requirements:

Resource Requirements Cost/Unit Labor Hours/Unit

Mixer 2 Toaster 10 3 Coffee Maker

The manufacturer has a daily production budget of $5000 and a maximum of 700 hours of labor. Maximum daily customer demand is for 200 mixers, 300 toasters. In opposite, coffee makers must be produced at least 100 units due to strategic reasons. Mixers sell for $10, toasters for $20, and coffee makers for $15. The company wants to know the number of mixers, toasters and coffee makers to produce so that daily revenue can be maximized. After solving the problem with an integer linear programming, fill the following blanks with correct numbers.

Question 1: The maximum revenue is:

Question 2: The optimal number of mixers to produce is:

Question 3: The optimal number of toasters to produce is:

Question 4: The optimal number of coffee makers to produce is:

Reference no: EM132644705

Questions Cloud

Explain the capital allocation line : Explain the capital allocation line (CAL). Discuss as an analyst, how will you choose CAL based on the risk tolerance of your clients (investors)?

Would recommend hire another employee : A copy company wants to expand production. Copiers cost about twice as much as workers. Would you recommend they hire another employee or buy another copier?

Advantages and disadvantages of investing assets : Would you like to invest in common stocks, preferred stocks, corporate bonds or Treasury bonds during COVID-19 pandemic?

Cop and knowledge management tools : Communities of Practices (CoP) play a critical role in solving issues. Describe and explain the benefits with regards to CoP.

What the optimal number of coffee makers to produce is : What the optimal number of coffee makers to produce is? The manufacturer has a daily production budget of $5000 and a maximum of 700 hours of labor.

Discuss definition of production and a production lifespan : Briefly discuss the definition of production and a production lifespan. ( Need this answer ASAP) post it if you have it on hand!. Must be at least 350-400 words

Rates of return for a risky portfolio : You have the following rates of return for a risky portfolio for several recent years:

Strategic plan vs. business continuity plan : Strategic Plan vs. Business Continuity Plan. Describe and explain the legal and ethical issues associated with business continuity and disaster recovery

Behavior of dividend yield and capital gain yield : Calculate and discuss your observations on the behavior of dividend yield and capital gain yield over super normal growth and normal growth periods?

User Account

All Pages