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Examples of profit maximization

Updated: 4/28/2022
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11y ago

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You have ten print jobs to do. You have 2 printers with different characteristics such as the paper size they can print on. Some of your jobs can be done on both printers but not all. Which jobs should you assign to which printers to minimize the cost and thus maximize your profit. You can solve this type of problem using the mathematical method called Linear Programming. I think you can do it more easily using the Solver feature of Excel.

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11y ago
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