nevermind disregard this entire thread. she just wasn't orienting the problem in the right way. She had a table set up and was thinking vertically when she should have been thinking vertically. Sorry. I must sound quite dim-witted
I need help on what the constraints are. I'm going off of no book or guide to help me along in trying to figure out how to do it. This is all an attempt to help my cousin who is a soph in college right now. I just cannot remember how to do this and I have misplaced my book. trying to go off...
Production sum for total materials is $8200000. Factory hrs. are a total of 218000hrs. Onsite hours are a total of 237000hrs. Per item numbers are as follows: (A. $6000 for materials, 240 factory hrs., 180 onsite hrs, and a profit yield of $3400) (B. $8000, 220hrs, 210hrs, profit yield of...
Maximizing profit, anybody want to help??
I haven't taken statistics in many years so I am a bit rusty. I am trying to maximize profit. Is there a specific formula to follow in order to do this. There are three separtate items. What i need to know is how many of each item should I produce...