statistical test A manufacturer can sell product 1 at a profit of $2/unit and pr

Question

statistical test A manufacturer can sell product 1 at a profit of $2/unit and product 2 at a profit of $5/unit. Three units of raw material are needed to manufacture 1 unit of product 1 and 6 units of raw material are needed to manufacture 1 unit of product 2. A total of 120 units of raw material are available. If any of product 1 is produced, a setup cost (i.e. a fixed charge) of $10 is incurred and if any of product 2 is produced, a setup cost of $20 is incurred. Formulation guidance: Note in particular the word "any" in the previous statement. If no product is produced, then the setup cost is zero. If 1,2,... whatever units of product are produced, then the setup cost applies and doesn't change however many units are produced. Formulate an integer program to maximize profit.

Explanation / Answer

statistical test A manufacturer can sell product 1 at a profit of $2/unit and pr

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