Andy Tyre Manages Tyre's Wheels, Inc

question 7

Essay

Andy Tyre manages Tyre's Wheels, Inc. Andy has received an order for 1000 standard wheels and 1200 deluxe wheels for next month, and for 750 standard wheels and 1000 deluxe wheels the following months. He must fill all the orders. The cost of regular time production for standard wheels is $25 and for deluxe wheels, $40. Overtime production costs 50% more. For each of the next two months there are 1000 hours of regular time production and 500 hours of overtime production available. A standard wheel requires .5 hour of production time and a deluxe wheel, .6 hour. The cost of carrying a wheel from one month to the next is $2.
-Define the decision variables and objective function for this problem.

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Definitions:

Interneurons

Neurons located in the central nervous system that process and relay information between sensory neurons and motor neurons.

Endorphins

Substances produced by the body that bind to brain receptors to diminish the sensation of pain and induce a state of intense happiness.

Central Nervous System

The part of the nervous system consisting of the brain and spinal cord, responsible for processing information and controlling most functions of the body and mind.

Spinal Cord

A long, thin, tubular bundle of nervous tissue and support cells that extends from the brain, central to the nervous system's function.