Linear Programming
1 Write an Objective Function Describing a Quantity $\$ 2.00$

question 85

Multiple Choice

Linear Programming
1 Write an Objective Function Describing a Quantity That Must be Maximized or Minimized
-A steel company produces two types of machine dies, part A and part B. The company makes a $\$ 2.00$ profit on each part A that it produces and a $\$ 6.00$ profit on each part $B$ that it produces. Let $x =$ the number of part A produced in a week and $\mathrm { y } =$ the number of part B produced in a week. Write the objective function that describes the total weekly profit.

• A) \(z = 2 x + 6 y\)
• B) \(z = 6 x + 2 y\)
• C) \(z = 8 ( x + y )\)
• D) \(z = 2 ( x - 6 ) + 6 ( y - 2 )\)

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Definitions:

Net Present Value

A calculation used to determine the current value of a series of future cash flows by discounting them at a specific rate.

Forecasting Errors

The discrepancy between what was foreseen and the actual result.

Forecasting Risk

The risk associated with the inability to accurately predict future events, costs, or revenues, which can impact decision-making and financial planning.