Optimal solution using the graphical solution technique


Question: Electric Machines makes two grades of gears for industrial machinery: standard and heavy duty. The process requires two steps. Step-1 takes 8 minutes for the standard gear and 10 minutes for the heavy duty. Step-2 takes 3 minutes for the standard gear and 10 minutes for the heavy duty. The company's labor contract requires that it use at the most 200 labor-hours per week on the Step-1 equipment and at most 140 labor-hours per week on the Step-2 equipment. The profit contributions are $15 for each standard gear and $22 for each heavy duty. How many of each gear should be made each week to maximize profits? Find the optimal solution using the graphical solution technique.

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Optimal solution using the graphical solution technique
Reference No:- TGS01910272

Now Priced at $25 (50% Discount)

Recommended (90%)

Rated (4.3/5)