CREATORS: EMILY ANDERSON & BRANDON MARTINEZ

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Presentation transcript:

CREATORS: EMILY ANDERSON & BRANDON MARTINEZ WIDGETS AND GADGETS CREATORS: EMILY ANDERSON & BRANDON MARTINEZ

Objective: To maximize profits for the Widget and Gadget Company VARIABLES Widgets= (x) Gadgets= (y)

CONSTRAINTS X > 500 Y > 700 Production Constraints: X < 1200 Packaging Constraints: X + Y < 2300 Y < 2300 - X

Graph! Important points : (900,1400), (1200,1100)

Objective Function Profit P(X)= .40x + .50y Work: .40(900) + .50(1400)= 1060 .40(1200) + .50(1100)= 1030 Maximum profit!

Summary To maximize profit for the Widget and Gadget Company. You start by figuring out the variables and creating a graph to show the area in which the maximum profit exists(P(X)= .40x + .50y) is the objective function to find the highest profit which is (.40(900) + .50(1400)= 1060). $1060.00 is the companies highest profit.