- Submitted By: arnitaetsitty1
- Date Submitted: 08/15/2016 9:12 AM
- Category: Business
- Words: 836
- Page: 4

Valencia Products makes automobile

Click Link Below To Buy:

http://hwaid.com/shop/valencia-products-makes-automobile/

Valencia Products makes automobile radar detectors and assembles two models: Laser Stop and Speed Buster. The firm can sell all it produces. Both models use the same electronic components. Two of these can be obtained only from a single supplier. For the next month, the supply of these is limited to 4,000 of component A and 3,500 of component B. The number of each component required for each product and the profit per unit are given in the table.

Components

A B Profit/Unit

LaserStop 18 6 $24

SpeedBuster 12 10 $40

• a) Define the decision variables for Valencia’s problem assuming that Valencia wishes to maximize profit.

• b) Formulate the linear program (LP) for solving Valencia’s problem of choosing the most profitable product mix. That is, write out the full mathematical formulation, including objective function and all constraints.

• c) Draw the feasible region for the LP formulation of Valencia’s problem.

• d) Identify all corner points and the optimal solution for Valencia’s problem. What is the optimal solution value?

• e) Put the LP into Excel and solve it using Solver tool. Verify that the solution is the same as one you obtained by hand.

Valencia Products makes automobile

Click Link Below To Buy:

http://hwaid.com/shop/valencia-products-makes-automobile/

Valencia Products makes automobile radar detectors and assembles two models: Laser Stop and Speed Buster. The firm can sell all it produces. Both models use the same electronic components. Two of these can be obtained only from a single supplier. For the next month, the supply of these is limited to 4,000 of component A and 3,500 of component B. The number of each component required for each product and the profit per unit are given in the table....

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