Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 33P: Assume the demand for a companys drug Wozac during the current year is 50,000, and assume demand...
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The company Guci produces purses, makeup bags, and backpacks. The materials used for Swallow products include leather and synthetics, leather being a rare raw material. The production process requires two types of skilled labor: sewing and finishing. The following table provides information regarding the availability of resources, their use with the three products, and profits per unit.

If the problem is solved using the Big M method, determine the optimal cost of the 2 combinations of raw materials

Minimize z = 4X1 + 6X2 subject to

3X1 + 2X2  ≥ K x 4

3X1 + 4X2 ≥ 20 X1 + 2X2 ≥ 14 X1;X2 ≥ 0

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