A Company Has the Following Usage of Inputs, Constraints on Inputs

question 58

Essay

A company has the following usage of inputs, constraints on inputs and profit margins to make their three products.
$$\begin{array} { l l l l l } \text { Product } & \text { Wiring } & \text { Drilling } & \text { Assembly } & \text { Profit } \\\text { X202 } & 0.7 & 0.4 & 0.8 & 9 \\\text { Y303 } & 0.2 & 0.5 & 0.5 & 11 \\\text { Z404 } & 0.5 & 0.3 & 0.2 & 14\end{array}$$ There are maximum amounts of the following: 1500 hours for wiring, 1400 hours for drilling and 1100 hours for Assembly. Make sure that the units produced are integers. Solve for the above problem.
a) How many units of each product will be made?
b) What is the maximum profit?
c) Which input has the most amount of slack?

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Definitions:

Practices Versus Values

The comparison between what people actually do (practices) and what they believe to be important (values).

Low Degree

Describes a state or condition that is minimal or relatively small in extent, intensity, or degree.

Global

Relating to or encompassing the entire world, often used in the context of business, economy, or environmental issues.

Charismatic/Value Based

Leadership that inspires and motivates followers through personal charm, conviction, and the ability to communicate a compelling vision or values.