Question
In: Operations Management
The Outdoor Furniture Corporation manufactures two products: benches and picnic tables, for use in yards and...
The Outdoor Furniture Corporation manufactures two products: benches and picnic tables, for use in yards and parks. The firm has two main resources: its carpenters (labor force) and a supply of redwood for use in the furniture. During the next production cycle, 1,200 hours of labor are available under a union agreement. The firm also has a stock of 3,500 board feet of quality redwood. Each bench that Outdoor Furniture produces requires 4 labor-hours and 10 board feet of redwood; each picnic table takes 6 labor-hours and 35 board feet of redwood. Completed benches will yield a profit of $9 each, and tables will result in a profit of $20 each. How many benches and tables should Outdoor Furniture produce in order to obtain the largest possible profit?
The optimum solution is:
Number of benches produced equals = (round your response to the nearest whole number).
Number of tables produced equals = (round your response to the nearest whole number).
Optimal solution value = $ (round your response to the nearest whole number).
Solutions
Expert Solution
Number of benches produced = 262.5
Number of benches produced = 263 (when rounded off)
Number of tables produced = 25
Optimal solution value = $2867 (round off for 263 benches and 25 tables)
keosha answered 3 months agoRelated Solutions
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