Business, 05.05.2020 02:46 leobaut6145

A canning company produces two sizes of cans—regular and large. The cans are produced in 10,000-can lots. The cans are processed through a stamping operation and a coating operation. The company has 30 days available for both stamping and coating. A lot of regular-size cans requires 2 days to stamp and 4 days to coat. Whereas a lot of large cans requires 4 days to stamp and 2 days to coat. A lot of regular-size cans earns $800 profit, and a lot of large-size cans earns $900 profit. In order to fulfill its obligations under a shipping contract, the company must produce at least 9 lots. The company wants to determine the number of lots to produce of each size can (x1 and x2) in order to maximize profit.

Set up the problem as an LP:Define the variablesDefine the objective functionDefine the constraints

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A canning company produces two sizes of cans—regular and large. The cans are produced in 10,000-can...

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