A firm produces two types of products P and Q through two processes, viz., Foundary and Machine shop. The number of manhours required for each food unit of P and Q in each of the processes and the number of manhours that can be availed at best in the two processes are given as follows. Foundary process Machine process Product P Product Q 10 units 5 units 6 units 4 units Available at best 1000 units 600 units Net profit expected from each unit of the product are : P-Rs. 50 and Q-RS. 40. Formulate the problem for solution to arrive at the optimal number of the two products P and Q to be produced.
A firm produces two types of products P and Q through two processes, viz., Foundary and Machine shop. The number of manhours required for each food unit of P and Q in each of the processes and the number of manhours that can be availed at best in the two processes are given as follows. Foundary process Machine process Product P Product Q 10 units 5 units 6 units 4 units Available at best 1000 units 600 units Net profit expected from each unit of the product are : P-Rs. 50 and Q-RS. 40. Formulate the problem for solution to arrive at the optimal number of the two products P and Q to be produced.
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...
Related questions
Question
Transcribed Image Text:A firm produces two types of products P and Q through two processes, viz.
Foundary and Machine shop. The number of manhours required for each food
unit of P and Q in each of the processes and the number of manhours that can
be availed at best in the two processes are given as follows.
Foundary process
Machine process
Product P
10 units
5 units
Product Q
6 units
4 units
Available at best
1000 units
600 units
Net profit expected from each unit of the product are : P-Rs. 50 and Q-Rs.
40. Formulate the problem for solution to arrive at the optimal number of the
two products P and Q to be produced.
CS
Scanned with CamScanner
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 3 images
Recommended textbooks for you
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.