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July 24, 2014

Homework Help: Math OPTIMIZATION

Posted by Willoby on Saturday, September 3, 2011 at 7:30pm.

A plastics firm has received an order from the city recreation department to manufacture 9,000 special Styrofoam kickboards for its summer swimming program. The firm owns 10 machines, each of which can produce 30 kickboards an hour. The cost of setting up the
machines to produce the kickboards is $20 per machine. Once the machines have been set up, the operation is fully automated and can
be overseen by a single production supervision earning $15 per hour.
a. How many of the machines should be used to minimize the cost of production?
b. How much will the supervisor earn during the production run if the optimal number of machines is used?
c. How much will it cost to set up the optimal number of machines?

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