The firm
manufactures two models of the trans catheter aortic valve replacement system:
the system which is equipped with 23 mm valves and the system which is equipped
29 mm valves.
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profit for 23mm system is $300 per unit while profit for 29mm system is $360
per unit. The firm utilizes aortic valves bought from an external supplier.
There is a supply restriction for both of 23 mm and 29mm valves. The current
suppler of valves cannot supply more than 300 units of23
mm valvesper week and no more than 600 units of 29 mm valves per week.
The
manufacturing time for one23 mm aortic valvesystemis 2 hours per week. The
manufacturing time for one29 mm aortic valve system is 2.4 hours per week. There are 1550 hours
of total manufacturing time available per week. Determine how many units of 23
mm aortic valve system and 29 mm aortic valve system the firm needs to manufacture
per week to maximize profit.
Hint: Set up
and solve the problem as Linear or Integer Programming problem using Excel QM
POM or Solver.
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