solution
(From Ravindran et al. 1987) A company manufactures three products A, B, and C. Each unit of product A requires 1 hour of engineering service, 10 hours of direct labor, and 3 pounds of material. Producing one unit of product B requires 2 hours of engineering, 4Â hours of direct labor, and 2 pounds of material. Each unit of product C requires 1 hour of engineering, 5 hours of direct labor, and 1Â pound of material. There are 100 hours of engineering, 700 hours of direct labor, and 400 pounds of materials available. The cost of production is a nonlinear function of the quantity produced as shown in Table 3.6. Given the unit selling prices of products A, B, and C as $12, $9 and $7, respectively, formulate a linear mixed integer program to determine the optimal production schedule that will maximize the total profit.
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"
