In: Statistics and Probability
The company Corp manufactures plastic balls, bags, and jacket for kids
The production of these three products requires plastic. The production process uses two types of skilled labor: sewing and finishing. The table below shows the consumption of manufacturing resources per unit produced.
Resource | Balls | Bag | Jacket |
Plastic (ft2) | 2 | 3 | 5 |
Sewing (hr) | 2 | 2 | 4 |
Finishing (hr) | 2 | 2 | 4 |
On a weekly basis, there is 252 ft2 of plastic available along with 240 hours for sewing, and 270 hours for finishing the products.
The unit prices are:
Balls - 26
Bags - 40
Jackets 58
Formulate this problem as a linear program in order to maximize the total revenue.
How many units of each product should the company manufacture on a weekly basis to maximize its revenue?
What's the total revenue?
The solution with the parameters is:
The answer is:
Balls = 0
Bag = 84
Jacket = 0
Revenue = 3360