Problem: Using available resources to manufacture a mix of products which yield the highest profit.
In product mix problems, the objective is to
find the most profitable allocation of a set of limited resources over a set of desired
products or activities. Virtually every manufacturer faces this situation in some form or
You know the profit per unit of each product and the quantity of each raw material
required for a single unit of each product. For instance, each unit of Product 2
contributes $45 to profit and uses 4 units of steel, 5 of wood, 3 of plastic, etc. in its
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