Question
In: Statistics and Probability
A furniture company is producing three types of furniture. Product A requires 7 board feet of...
A furniture company is producing three types of furniture. Product A requires 7 board feet of wood and 4 lbs of wicker. Product B requires 5 board feet of wood and 5 lbs of wicker. Product C requires 4 board feet of wood and 3 lbs of wicker. There are 3000 board feet of wood available for product and 1400 lbs of wicker. Product A earns a profit margin of $35 a unit, Product B earns a profit margin of $42 a unit, and Product C earns a profit margin of $20 a unit.
Formulate the problem as a linear program.
Solutions
Expert Solution
So with the help of solver we can say that at A =350 and B,C =0 we can achieve maximum profit of 12250.
Please revert back in case of any doubt.
Please upvote. Thanks in advance.
orchestra answered 1 year agoRelated Solutions
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#1
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patio furniture consisting of a table and four chairs. The set
enjoys great popularity, and the company has ample orders to keep
production going at its full capacity of 4,200 sets per year.
Annual cost data at full capacity follow:
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production going at its full capacity of 4,200 sets per year.
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