JoCo manufactures three products as follows
product 1:: profit: $2 labor hrs req for a unit: 2 machine hrs req for a unit: 1
product 2:: profit: $5 labor hrs req for a unit: 1 machine hrs req for a unit: 1
product 3:: profit: $3 labor hrs req for a unit: 2 machine hrs req for a unit: 2
budgeted hrs:: labor: 65 and machine: 80.
Other constraints: the budgeted hrs can be exceeded but the additional cost will be $15 per hour of labor and $10 per hour of machine.
Formulate the problem as an LP and please explain in detail the part were the unrestricted variables are used.
product 1:: profit: $2 labor hrs req for a unit: 2 machine hrs req for a unit: 1
product 2:: profit: $5 labor hrs req for a unit: 1 machine hrs req for a unit: 1
product 3:: profit: $3 labor hrs req for a unit: 2 machine hrs req for a unit: 2
budgeted hrs:: labor: 65 and machine: 80.
Other constraints: the budgeted hrs can be exceeded but the additional cost will be $15 per hour of labor and $10 per hour of machine.
Formulate the problem as an LP and please explain in detail the part were the unrestricted variables are used.
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