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In: Operations Management

River Explorer Store rents canoes and kayaks to the visitors. The store has $100,000 in budget...

River Explorer Store rents canoes and kayaks to the visitors. The store has $100,000 in budget to buy kayaks and canoes. Each canoe cost $600 and could be rented out for $25/day. On the other hand, each kayak cost $750 and could be rented out for $30/day. The shop has room to carry at most 100 boats of any type. In this situation how many of each type of boat the store should buy in order to maximize revenue. Keep in mind that the number of Canoes has to be at least twice the number of kayaks.

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