The Electro-comp Corporation manufactures 2 electrical products: air conditioners and large fans. The assembly process for each is similar in that both require a certain amount of wiring and drilling. Each air conditioner takes 5 hours of wiring and 3 hours of drilling.  Each fan must go through 3 hours of wiring and 2 hours of drilling. To ensure an adequate supply of air conditioners for a contract, at least 50 air conditioners should be manufactured. Electro-comp management also insists that no more than 60 and less than  15 fans be produced during this production period. In addition, management imposed a  constraint on the total number of air conditioners and fans to be made not more than 100.  During the next production period, 300 hours of wiring and 240 hours of drilling times are available. Each air conditioner sold yields a profit of $50. Each fan assembled may be sold for a $30 profit.   Formulate this production mix situation as an LP problem to find the best combination of air conditioners and fans that yields the maximum profit.  Draw the constraints of the problem on a graph paper and highlight the feasible region there.  Find the maximal profit solution to the problem by the graphical method

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question

 The Electro-comp Corporation manufactures 2 electrical products: air conditioners and large fans. The assembly process for each is similar in that both require a certain amount of wiring and drilling. Each air conditioner takes 5 hours of wiring and 3 hours of drilling.  Each fan must go through 3 hours of wiring and 2 hours of drilling. To ensure an adequate supply of air conditioners for a contract, at least 50 air conditioners should be manufactured. Electro-comp management also insists that no more than 60 and less than  15 fans be produced during this production period. In addition, management imposed a  constraint on the total number of air conditioners and fans to be made not more than 100.  During the next production period, 300 hours of wiring and 240 hours of drilling times are available. Each air conditioner sold yields a profit of $50. Each fan assembled may be sold for a $30 profit.  

Formulate this production mix situation as an LP problem to find the best combination of air conditioners and fans that yields the maximum profit.  Draw the constraints of the problem on a graph paper and highlight the feasible region there. 
Find the maximal profit solution to the problem by the graphical method.

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 3 images

Blurred answer
Knowledge Booster
Contracts
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education