A manufacturer makes two products P1 and P2 using two machines M1 and M2. Product P1 requires 5 hours on M1 and no time on M2, Product P2 requires 1 hour on M1 and 3 hours on M2. There are 16 hours of timer per day available on M1 and 30 hours on M2. The profit margin from P1 and P2 is Rs. 2 and Rs.10 per unit respectively. What should be the daily production mix to maximize profit?(Don't use excel shortcut solve manually by Simplex LPP method)
A manufacturer makes two products P1 and P2 using two machines M1 and M2. Product P1 requires 5 hours on M1 and no time on M2, Product P2 requires 1 hour on M1 and 3 hours on M2. There are 16 hours of timer per day available on M1 and 30 hours on M2. The profit margin from P1 and P2 is Rs. 2 and Rs.10 per unit respectively. What should be the daily production mix to maximize profit?(Don't use excel shortcut solve manually by Simplex LPP method)
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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3) A manufacturer makes two products P1 and P2 using two machines M1 and M2. Product P1 requires 5 hours on M1 and no time on M2, Product P2 requires 1 hour on M1 and 3 hours on M2. There are 16 hours of timer per day available on M1 and 30 hours on M2. The profit margin from P1 and P2 is Rs. 2 and Rs.10 per unit respectively. What should be the daily production mix to maximize profit?(Don't use excel shortcut solve manually by Simplex LPP method)
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