Question

In: Math

Billy-Sean O'Hagan has joined the Physics Society at Suburban State University, and the group is planning...

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

Solutions

Expert Solution

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.


Related Solutions

The Enormous State University Choral Society is planning its annual Song Festival, when it will serve...
The Enormous State University Choral Society is planning its annual Song Festival, when it will serve three kinds of delicacies: granola treats, nutty granola treats, and nuttiest granola treats. The following table shows some of the ingredients required for a single serving of each delicacy, as well as the total amount of each ingredient available. Granola Nutty Granola Nuttiest Granola Total Available Toasted Oats (ounces) 1 1 5 1,400 Almonds (ounces) 4 8 8 12,000 Raisins (ounces) 2 4 8...
The Enormous State University Choral Society is planning its annual Song Festival, when it will serve...
The Enormous State University Choral Society is planning its annual Song Festival, when it will serve three kinds of delicacies: granola treats, nutty granola treats, and nuttiest granola treats. The following table shows some of the ingredients required for a single serving of each delicacy, as well as the total amount of each ingredient available. Granola Nutty Granola Nuttiest Granola Total Available Toasted Oats (ounces) 1 1 5 1,300 Almonds (ounces) 4 8 8 11,000 Raisins (ounces) 2 4 8...
[[[Physics]]] --------------------------------------------------------------------------------------------------------------------------------------------------------- The football team at Enormous State University (ESU) uses vector displacements to reco
[[[Physics]]] --------------------------------------------------------------------------------------------------------------------------------------------------------- The football team at Enormous State University (ESU) uses vector displacements to record its plays, with the origin taken to be the position of the ball before the play starts. In a certain pass play, the receiver starts at +1.0i^−5.0j^+1.0i^−5.0j^, where the units are yards, i^i^ is to the right, and j^j^ is downfield. Subsequent displacements of the receiver are +9.0i^+9.0i^ (he is in motion before the snap), +11.0j^+11.0j^ (breaks downfield), −6.0i^+4.0j^−6.0i^+4.0j^ (zigs), and +12.0i^+18.0j^+12.0i^+18.0j^ (zags). Meanwhile, the...
Question 8 options: Investment and Loan Planning. The employee credit union at State University is planning...
Question 8 options: Investment and Loan Planning. The employee credit union at State University is planning the usage of funds for the coming year. The credit union makes four types of loans to its members. In addition, it invests in “risk-free” securities in order to stabilize income. The various revenue-producing investments together with annual rates of return are as follows: Type of Loan/Investment Annual Rate of Return (%) Secured Loans Automobile 5 Furniture 6 Other Secured Loans 8 Signature Loans...
The employee credit union at State University is planning the allocation of funds for the coming...
The employee credit union at State University is planning the allocation of funds for the coming year. The credit union makes four types of loans to its members. In addition, the credit union invests in risk-free securities to stabilize income. The various revenue-producing investments together with annual rates of return are as follows: Type of Loan/Investment Annual Rate of Return (%) Automobile loans 9 Furniture loans 11 Other secured loans 12 Signature loans 13 Risk-free securities 10 The credit union...
The employee credit union at State University is planning the allocation of funds for the coming...
The employee credit union at State University is planning the allocation of funds for the coming year. The credit union makes four types of loans to its members. In addition, the credit union invests in risk-free securities to stabilize income. The various revenue-producing investments together with annual rates of return are as follows: Type of Loan/Investment Annual Rate of Return (%) Automobile loans 9 Furniture loans 11 Other secured loans 12 Signature loans 13 Risk-free securities 10 The credit union...
The employee credit union at State University is planning the allocation of funds for the coming...
The employee credit union at State University is planning the allocation of funds for the coming year. The credit union makes four types of loans to its members. In addition, the credit union invests in risk-free securities to stabilize income. The various revenue-producing investments together with annual rates of return are as follows: Type of Loan/Investment Annual Rate of Return (%) Automobile loans 8 Furniture loans 10 Other secured loans 11 Signature loans 12 Risk-free securities 9 The credit union...
The employee credit union at State University is planning the allocation of funds for the coming...
The employee credit union at State University is planning the allocation of funds for the coming year. The credit union makes four types of loans to its members. In addition, the credit union invests in risk-free securities to stabilize income. The various revenue-producing investments together with annual rates of return are as follows: Type of Loan/Investment Annual Rate of Return (%) Automobile loans 8 Furniture loans 10 Other secured loans 11 Signature loans 12 Risk-free securities 9 The credit union...
The employee credit union at State University is planning the allocation of funds for the coming...
The employee credit union at State University is planning the allocation of funds for the coming year. The credit union makes four types of loans to its members. In addition, the credit union invests in risk-free securities to stabilize income. The various revenue-producing investments together with annual rates of return are as follows: Type of Loan/Investment Annual Rate of Return (%) Automobile loans 8 Furniture loans 10 Other secured loans 11 Signature loans 12 Risk-free securities 9 The credit union...
The employee credit union at State University is planning the allocation of funds for the coming...
The employee credit union at State University is planning the allocation of funds for the coming year. The credit union makes four types of loans to its members. In addition, the credit union invests in risk-free securities to stabilize income. The various revenueproducing investments together with annual rates of return are as follows: Type of Loan/Investment Annual Rate of Return (%) Automobile loans 8 Furniture loans 9 Other secured loans 13 Signature loans 14 Risk-free securities 7 The credit union...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT