Math Problem Statement

A factory manufactures two products, A and B. Each product requires the use of three machines, Machine I, Machine II, and Machine III. The time requirements and total hours available on each machine are listed below. If product A generates a profit of $45 per unit and product B a profit of $50 per unit, how many units of each product should be manufactured to maximize profit, and what is the maximum profit? Fill in the blanks : To maximize profit, the factory should produce ________ units of product A and ________ units of product B. The maximum profit would be _________.

Solution

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Math Problem Analysis

Mathematical Concepts

Linear Programming
Optimization
Algebra

Formulas

Objective function: Maximize P = 45x1 + 50x2
Machine I constraint: 1x1 + 2x2 ≤ 72
Machine II constraint: 2x1 + 2x2 ≤ 98
Machine III constraint: 4x1 + 2x2 ≤ 180

Theorems

Simplex Method
Linear Inequalities

Suitable Grade Level

University Level (Operations Research, Business Mathematics)