All Optimization Problems Have

Multiple Choice

All optimization problems have:

A) an objective function and decision variables
B) an objective function and constraints
C) decision variables and constraints
D) an objective function,decision variables and constraints
A company produces two products.Each product can be produced on either of two machines.The time (in hours) required to produce each product on each machine is shown below:
Machine 1
Machine 2
Product 1
5
4
Product 2
8
5
Each month,600 hours of time are available on each machine,and that customers are willing to buy up to the quantities of each product at the prices that are shown below:
​
Demands
Prices
Month 1
Month 2
Month 1
Month 2
Product 1
120
200
$60
$15
Product 2
150
130
$70
$35
​
The company's goal is to maximize the revenue obtained from selling units during the next two months.