Electrocomp Corporation: Determining the Corner Point
The Electrocomp Corporation manufactures two electrical products: air conditioner and large fans. The assembly process for each is similar in that both require a certain amount of wiring and drilling. Each air conditioner takes 3 hours of wiring and 2 hours of drilling. Each fan must go through 2 hours of wiring and 1 hour of drilling. During the next production, period 240 hours of wiring time are available and up to 140 hours of drilling time may be used. Each air conditioner sold yields a profit of $25. Each fan assembled may be sold for a profit of $15. Formulate and solve this LP production mix situation to find the best combination of air conditioners and fans that yields the highest profit. Use the graphic method.
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This solution is provided in an attached Word document. Step-by-step instructions are given for formulating and solving the LP problem and the graph is included.
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