Ace Health Insurance Inc. (AHI) offers health insurance to millions of customers in the US. The AHI management is concerned about the rising customer support costs at their call center…..
The Apex Television Company has to decide on the number of 27- and 20-inch sets to be produced at one of its factories.
The Apex Television Company has to decide on the number of 27- and 20-inch sets to be produced at one of its factories. Market research indicates that at most 40 of the 27-inch sets and 10 of the 20-inch sets can be sold per month. The maximum number of work-hours available is 500 per month. A 27-inch set requires 20 work-hours and a 20-inch set requires 10 work-hours. Each 27-inch set sold produces a profit of $120 and each 20-inch set produces a profit of $80. A wholesaler has agreed to purchase all the television sets produced if the numbers do not exceed the maxima indicated by the market research. Formulate a linear programming model for this problem