The Pyrotec Company produces three electrical products- clocks, radios, and toasters. These products have the following resource requirements.
Cost / Unit Labor Hours/ Unit
Clock $7 2
Radio 10 3
Toaster 5 2
The manufacturer has a daily production budget of $2,000 and a maximum of 660 hours of labor. Maximum daily customer demand is for 200 clocks, 300 radios, and 150 toasters. Clocks sell for $15, radios for $20, and toasters for $12. The company desires to know the optimal product mix that will maximize profit.
A. Formulate a linear programming model for this problem.
B. Solve the model using the computer.
Please show work for all problems.
This posting contains solution to following LP Problem on The Pyrotec Company.