Linear Optimization Model: Toys
Super Toys Company makes to radio-controlled cars, Fast and SuperFast. They can sell all they make. Both models have the same components. Two of these can be obtained only from a single supplier. For next month, the supply of these is limited to 4000 of component X and 3500 of component Y. The following table provides details on the number of each component required for each product and the profit per unit.
....................................Components Required/Unit........................
.....................................A......................B........................Profit/Unit
Fast.............................18.....................6..............................$24
SuperFast....................12.....................10............................$40
1. What are the decision variable, objective function and constraints
2. Mathematically formulate a linear optimization model.
https://brainmass.com/math/optimization/linear-optimization-model-toys-527109
Solution Preview
1. What are the decision variable, objective function, and constraints
The decision variables are the number of units that must be produced for Fast ...
Solution Summary
The solution discusses the linear optimization model regarding toys.
Linear Decison Making Models
Conduct an Internet search for information on linear decision-making. Then, discuss your findings and contrast it with what the authors offer in the textbook. Next, discuss how a linear decision making model could have helped you in making a past decision.
View Full Posting Details