A company makes products A and B from 2 resources, labor and material. The company wants to determine the selling price which will maximize profits. A unit of A costs 30 to make and demand is estimated to be 50 - 0.09 * Price of A. A unit of B costs 20 to make and demand is estimated to be 30 -0.14 * Price of B. The utilization of labor and materials and the available quantity of resources is shown in the table. A reasonable price for the products is between 90 and 140.
Let X1 = demand for As and X2 = demand for Bs.
Let P1 = price for As and P2 = price for Bs.
The NLP for the problem is:
What values should go in cells B3:E18 of the spreadsheet for this problem?
Definitions:
Sales
The exchange of goods or services for money; also refers to the function or department within a business that handles this activity.
Times Interest Earned Ratio
A financial metric that measures a company's ability to meet its debt obligations based on its current income.
Operating Income
The profit realized from a business's operations, after deducting operating expenses like wages and cost of goods sold, but before interest and taxes.
Interest Expense
The cost incurred by an entity for borrowed funds, typically expressed as a yearly rate.
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