QM 3.ppt

# QM 3.ppt - Business application of single variable real...

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Business application of single variable real functions, The elements of linear and nonlinear programming, The level curve and elimination methods _____________________________________ Business application of single variable real functions: The Food for Dogs Company is manufacturing very popular nourishment for dogs. Let x denote the output level of the given nourishment (in thousand kg). The unit cost and unit price are determined (in hundred of US dollars) according to the following formulae, respectively: x > 0 x > 0 a.) Determine the optimal output level, if optimality is meant as obtaining the possible greatest profit. b.) Determine the maximal profit can be achieved by the Food for Dogs Company by producing the given nourishment. c.) What is the break-even point of the company with respect to profitability? , 75 75 . 0 10 ) ( x x x c , 150 25 . 0 60 ) ( x x x p

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Business application of single variable real functions, The elements of linear and nonlinear programming, The level curve and elimination methods _____________________________________ The profit function can be defined as
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• Fall '16
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