Solved

A Company Makes Products a and B from 2 Resources

Question 65

Essay

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.
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 X<sub>1</sub> = demand for As and X<sub>2</sub> = demand for Bs. Let P<sub>1</sub> = price for As and P<sub>2</sub> = price for Bs. The NLP for the problem is: What values should go in cells B3:E18 of the spreadsheet for this problem?
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:
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 X<sub>1</sub> = demand for As and X<sub>2</sub> = demand for Bs. Let P<sub>1</sub> = price for As and P<sub>2</sub> = price for Bs. The NLP for the problem is: What values should go in cells B3:E18 of the spreadsheet for this problem?
What values should go in cells B3:E18 of the spreadsheet for this problem?
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 X<sub>1</sub> = demand for As and X<sub>2</sub> = demand for Bs. Let P<sub>1</sub> = price for As and P<sub>2</sub> = price for Bs. The NLP for the problem is: What values should go in cells B3:E18 of the spreadsheet for this problem?

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q4: Exhibit 8.2<br>The following questions pertain to the

Q59: How much are additional units of labor

Q60: The Risk Solver Platform (RSP) solution strategy

Q60: Exhibit 8.2<br>The following questions pertain to the

Q62: An investor wants to determine how much

Q64: An office supply company is attempting to

Q66: A company wants to locate a new

Q68: An office supply company is attempting to

Q69: How many local minimum solutions are there

Q86: The GRG algorithm operates by<br>A) moving in