A Company Is Considering Producing 8 Different Products for the Upcoming

question 42

Essay

A company is considering producing 8 different products for the upcoming holiday season.The profit contribution per product is illustrated below:
$$\begin{array} { l l } \text { Product } & \text { Profit } ( \$ ) \\\hline 1 & 10 \\2 & 12 \\3 & 7 \\4 & 15 \\5 & 8 \\6 & 9 \\7 & 13 \\8 & 11\end{array}$$
The marketing manager has imposed the following restrictions on the production mix:
•Since products 1,2,and 3 are electronic gadgets,at least two of these products must be in the production mix.
•Since products 4 and 5 are kids-oriented,the production mix must include no more than one of these products.
•If product 7 is included in the mix,then product 8 must be included,and vice versa.
Which products should be included in the mix to maximize profit?

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Definitions:

Butane

A gaseous hydrocarbon with the formula C4H10, used as a fuel and a refrigerant.

IUPAC Name

The systematic name given to a chemical substance based on a set of published rules by the International Union of Pure and Applied Chemistry (IUPAC), aimed at standardizing chemical nomenclature.

Cycloalkane

Saturated hydrocarbons with carbon atoms arranged in a ring or cyclic structure.

Ring Strain

The stress and instability in the atomic structure of a cyclic molecule due to its geometric angles deviating from the ideal angles.