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An appliance manufacturer produces two models of microwave ovens: H and W. Both models require fabrication and assembly work; each H uses four hours of fabrication and two hours of assembly, and each W uses two hours of fabrication and six hours of assembly. There are 600 fabrication hours available this week and 480 hours of assembly. Each H contributes $40 to profits, and each W contributes$30 to profits. What quantities of H and W will maximize profits? a. Use the objective function approach. b. Use the enumeration approach.
Solution
VerifiedIn this exercise, we will identify at what quantities of models H and W will give the maximum profits to an appliance manufacturer using two approaches: 1) objective function and 2) enumeration approach.
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