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Decision variables and objective functions for maximizing profit and minimizing cost in production planning. It includes data for producing two basic products and one delux product, as well as constraints for vehicle usage. University students studying operations research, industrial engineering, or supply chain management may find this document useful for exam preparation, assignments, or thesis research.
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Decision Variables X1 X 16,6667 6, Value Max Objective Function 10 15 266,
Constraints #1 2 4 60 <= 60 #2 4 5 100 <= 100 #3 1 0 16,66667 => 0 #4 0 1 6,666667 => 0
In order to maximize the profit company should produce approximately 16,7 units of basic p
16,7 units of basic product B and 6,7 units of delux product D
