
Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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A manufacturer can sell product 1 at a profit of $2/unit and product 2 at a profit of $5/unit. Three units of raw material are needed to manufacture 1 unit of product 1, and 6 units of raw material are needed to manufacture 1 unit of product 2. A total of 120 units of raw material are available.
If any of product 1 is produced, a setup cost of $10 is incurred, and if any of product 2 is produced, a setup cost of $20 is incurred.
Formulate an IP to maximize profits.
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