In: Math
Billy-Sean O'Hagan has joined the Physics Society at Suburban State University, and the group is planning to raise money to support the dying space program by making and selling umbrellas. The society intends to make three models: the Sprinkle, the Storm, and the Hurricane. The amounts of cloth, metal, and wood used in making each model are given in this table.
Sprinkle | Storm | Hurricane | Total Available |
|
---|---|---|---|---|
Cloth (square yards) |
1 | 2 | 2 | 500 |
Metal (pounds) | 2 | 1 | 3 | 500 |
Wood (pounds) | 1 | 3 | 6 | 500 |
Profit ($) | 1 | 1 | 2 |
The table also shows the amounts of each material available in a given day and the profits to be made from each model. How many of each model should the society make to maximize its profit?
Sprinkle_______ umbrellas
Storm________ umbrellas
Hurricane_______ umbrellas
We will solve this problem with the help of Excel.
Let x is the number of Sprinkle umbrellas
Let y is the number of Storm umbrellas
Let z is the number of Hurricane umbrellas
Objective function:
Maximize Profit = x + y + 2z
Subjected to:
x + 2y + 2z ≤ 500
2x + y + 3z ≤ 500
x + 3y + 6z ≤ 500
Load the data into Excel.
Consider three decision variable columns and a maximization profit column.
Let us use the Excel function to find the used amount.
Similarly, do for the other two columns.
Find the maximum profit for the last step.
Now, go to Data>Solver.
Use the steps as below:
Now click on Solve.
The output will be as follows:
Therefore, to maximize the profit, 200 Sprinkle umbrellas, 100 Storm umbrellas and no Hurricane umbrellas should be made to maximize the profit. The maximum profit will be $300.