A company produces three electrical products-clocks, radios, and toasters. These products have the following resource requirements.
|
|
Resource requirements
|
|
|
Cost/unit (€)
|
Labour hours/unit
|
|
Clock
|
20
|
2
|
|
Radio
|
25
|
3
|
|
Toaster
|
15
|
2
|
The company has a daily production budget of €6000, and a maximum of 660 hours of labour. Maximum daily customer demand is for 200 clocks, 200 radios, and 150 toasters. Clocks sell for €45, radios for €60, and toasters for €35. The company wishes to know the optimal product mix that will maximise profit. Formulate the problem as a LP problem.