Questions: A company produces two products, A and B.
- Product A requires 3 kg of metal and 6 minutes of labor.
- Product B requires 4 kg of metal and 3 minutes of labor.
- Product A makes a profit of 2.00.
- Product B makes a profit of 1.50
- 1000 kg of metal is available.
- 20 hours of labor are available.
How many of product A and B should be made to maximize profits?
Transcript text: 4. A compnay produces two products, $A$ and $B$.
- Product A requires 3 kg of metal and 6 minutes of labor.
- Product B requires 4 kg of metal and 3 minutes of labor.
- Product A makes a profit of $\$ 2.00$.
- Product B makes a profit of \$1.50
- 1000 kg of metal is available.
- 20 hours of labor are available.
How many of product $A$ and $B$ should be made to maximize profits?
Solution
Solution Steps
To solve this problem, we need to set up a linear programming model. The objective is to maximize the profit, which is a function of the number of products A and B produced. The constraints are based on the availability of metal and labor. We will use the scipy.optimize.linprog function to find the optimal solution.
Step 1: Define the Variables
Let \( x \) be the number of product \( A \) produced and \( y \) be the number of product \( B \) produced.
Step 2: Set Up the Objective Function
The profit from producing products \( A \) and \( B \) can be expressed as:
\[
P = 2x + 1.5y
\]
We aim to maximize \( P \).
Step 3: Establish the Constraints
The constraints based on the availability of metal and labor are:
Metal constraint: \( 3x + 4y \leq 1000 \)
Labor constraint: \( 6x + 3y \leq 1200 \)
Step 4: Solve the Linear Programming Problem
The optimal solution found is:
\[
x \approx 120, \quad y \approx 160
\]
This means approximately 120 units of product \( A \) and 160 units of product \( B \) should be produced.
Step 5: Calculate the Maximum Profit
The maximum profit can be calculated as:
\[
P = 2(120) + 1.5(160) = 240 + 240 = 480
\]
Final Answer
The optimal production quantities and maximum profit are:
\[
\boxed{x \approx 120, \quad y \approx 160, \quad P = 480}
\]