In: Statistics and Probability
5.The Pinewood Furniture Company produces chairs and tables from two resources—labor and wood. The company has 80 hours of labor and 36 board-ft. of wood available each day. Demand for chairs is limited to 6 per day. Each chair requires 8 hours of labor and 2 board-ft. of wood, whereas a table requires 10 hours of labor and 6 board-ft. of wood. The profit derived from each chair is $400 and from each table, $100. The company wants to determine the number of chairs and tables to produce each day to maximize profit.
a. Formulate a linear programming model for this problem.
b. Solve this model by using graphical analysis.
Please solve in excel. Thanks
Let X1 be the number of produces chairs
and X2 be the number of produces tables
a) From the given information
Labour | Wood | limit | Profit | |
Chairs | 8 | 2 | 1 | 400 |
Tables | 10 | 6 | 100 | |
Availability | 80 | 36 | 6 |
Formulation:
Objective function
Max Z = 400X1+ 100X2
Subject to Constraints
8X1 + 10X2 <=80 Labour constraint
2X1 + 6X2 <= 36 Wood Constraint
X1 <= 6
Non negative constraints
X1, X2 >=0
b) Graphical Method: