Assuming the selling profits for products A, B and C are 2, 3 and 4€ per unit. Determine how many units of each product should be produced to maximize the profit. Was there any time left?

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
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Please solve this Optimization problem
1) A company produces 3 different products: A, B and C. Each product has to go under
3 processes consuming different amounts of time along the way. The time available for
each process is described in the table below.
Process
I
||
|||
Total number Number of hours needed to produce
each product
of hours
available
12000
24000
18000
A
5
4
3
B
2
5
5
C
4
6
4
Assuming the selling profits for products A, B and C are 2, 3 and 4€ per unit. Determine
how many units of each product should be produced to maximize the profit.
Was there any time left?
Transcribed Image Text:1) A company produces 3 different products: A, B and C. Each product has to go under 3 processes consuming different amounts of time along the way. The time available for each process is described in the table below. Process I || ||| Total number Number of hours needed to produce each product of hours available 12000 24000 18000 A 5 4 3 B 2 5 5 C 4 6 4 Assuming the selling profits for products A, B and C are 2, 3 and 4€ per unit. Determine how many units of each product should be produced to maximize the profit. Was there any time left?
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