Title: Table 3.8: Tracksaws, Inc. Tracksaws, Inc. makes tractors and lawn mowers. The firm makes a profit ...
Post by: orengo on Dec 5, 2018
Table 3.8: Tracksaws, Inc.
Tracksaws, Inc. makes tractors and lawn mowers. The firm makes a profit of $30 on each tractor and $30 on each lawn mower, and they sell all they can produce. The time requirements in the machine shop, fabrication, and tractor assembly are given in the table.
Formulation:
Let x = number of tractors produced per period
y = number of lawn mowers produced per period
MAX 30x + 30y
subject to 2x + y ≤ 60
2x + 3y ≤ 120
x ≤ 45
The graphical solution is shown below.
What is the shadow price for fabrication?
Tracksaws, Inc. makes tractors and lawn mowers. The firm makes a profit of $30 on each tractor and $30 on each lawn mower, and they sell all they can produce. The time requirements in the machine shop, fabrication, and tractor assembly are given in the table.
Formulation:
Let x = number of tractors produced per period
y = number of lawn mowers produced per period
MAX 30x + 30y
subject to 2x + y ≤ 60
2x + 3y ≤ 120
x ≤ 45
The graphical solution is shown below.
What is the shadow price for fabrication?
Title: Table 3.8: Tracksaws, Inc. Tracksaws, Inc. makes tractors and lawn mowers. The firm makes a profit ...
Post by: thb on Dec 5, 2018
$7.50