# quantshw1 - A. x+y=total product B. Kansas City \$0.20...

This preview shows pages 1–3. Sign up to view the full content.

A. Max 10x+5y 5x+2y lessthan/equal to 40 x greater than/equal to 0 y greater than/equal to 0 B. Uncontrollable inputs \$5 profit per unit \$10 profit per unit 2 labor hours 5 labor hours 40 labor week Controllable inputs production quantity (x,y) C. Uncontrollable inputs \$5 profit per unit 2 labor hours per unit 40 labor hour per week Controllable mathematical model Output Production quantity 5(2) Profit  10 2(2) less/equal 40 time used 4 2(2) greater/equal 40 D. x hrs y hrs for y profit 0 0 20 40 100 1 5 17.5 35 97.5 2 10 15 30 95 3 15 12.5 25 92.5 4 20 10 20 90 5 25 7.5 15 87.5 6 30 5 10 85 E. This model was deterministic because all of the unknown inputs were constant and not subject to change

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: A. x+y=total product B. Kansas City \$0.20 Minneapolis \$0.25 minimize C=.2x+.25y C. x+y=5000 units D. E. Min. C=.2x+.25y s.t. x+y=5000 units x 4000 y 3000 x 0 x 4000 y 0 y 3000 d=annual demand for a product in units p=price per unit d=800-10p p has to be between \$20 and \$70 A. \$20 per unit 600 \$70 per unit 100 B. TR=dp C. \$30 \$15,000 \$40 \$16,000 \$50 \$15,000 D. Recommended price = \$40 Revenue \$16,000 Demand 400 units...
View Full Document

## This note was uploaded on 08/28/2010 for the course ACCT ac101 taught by Professor Carlson during the Fall '10 term at Western New England University.

### Page1 / 3

quantshw1 - A. x+y=total product B. Kansas City \$0.20...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document
Ask a homework question - tutors are online