ECON 438 Lecture Notes - Lecture 3: Lincoln Near-Earth Asteroid Research
Document Summary
7-14 the electro comp corporation manufactures two electrical products: air conditioners and large fans. The assembly process for each is similar in that both require a certain amount of wiring and drilling. Each air conditioner takes 3 hours of wiring and 2 hours of drilling. Each fan must go through 2 hours of wiring and 1 hour of drilling. During the next production period, 240 hours of wiring time are available and up to 140 hours of drilling time maybe used. Each air conditioner sold yields a profit of . Each fan assembled may be sold for a. Formulate and solve this lp production mix situation to find the best combination of air conditioners and fans that yields the highest profit. 7-15 electro comp"s management realizes that it forgot to include two critical constraints (see. In particular, management decides that to ensure an adequate supply of air conditioners for a contract, at least 20 air conditioners should be manufactured.
