PRODUCT MIX MODEL
NOTATION:
- n products (indexed i = 1, …, n)
- m resources (indexed j = 1, …, m)
- aij = Consumption of the jth resource per unit production of
the ith product
- bj = Availability of the j th resource
- pi = Profit contribution/ unit of ith product
- Ui = Upper limit on sales of ith product
- Li = Lower limit on sales on ith product
- xi = Production of the ith product in the planning horizon (Decision
variable)
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