#5) Solve the following LP a) Write the original optimal solution and objective function value. b) What is the optimal solution and objective function value if the profit for oak tables increases to $83? c) What is the optimal solution and objective function value if the profit for pine chairs decreases to $13? d) What is the optimal solution and objective function value if the profit for pine tables increases by $20? e) What is the optimal solution and objective function value if the company is required to make at least 20 pine chairs? f) What is the optimal solution and objective function value if the company is required to make no more than 55 cherry chairs?
#5) Solve the following LP a) Write the original optimal solution and objective function value. b) What is the optimal solution and objective function value if the profit for oak tables increases to $83? c) What is the optimal solution and objective function value if the profit for pine chairs decreases to $13? d) What is the optimal solution and objective function value if the profit for pine tables increases by $20? e) What is the optimal solution and objective function value if the company is required to make at least 20 pine chairs? f) What is the optimal solution and objective function value if the company is required to make no more than 55 cherry chairs?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
Related questions
Question
#5) Solve the following LP
a) Write the original optimal solution and objective function value.
b) What is the optimal solution and objective function value if the profit for oak tables increases to $83?
c) What is the optimal solution and objective function value if the profit for pine chairs decreases to $13?
d) What is the optimal solution and objective function value if the profit for pine tables increases by $20?
e) What is the optimal solution and objective function value if the company is required to make at least 20 pine chairs?
f) What is the optimal solution and objective function value if the company is required to make no more than 55 cherry chairs?
Transcribed Image Text:#5) Solve the following LP
Number of
Units
Maximize
Profit
Constraints
Labor Hours
Oak (lbs.)
Cherry (lbs.)
Pine (lbs.)
Oak Tables
Minimum
Cherry Tables
Minimum Oak
Chairs
Minimum
Cherry Chairs
Minimum
Pine Chairs
75
7.5
200
Minimum Oak 1
Tables
Oak Chairs Cherry Tables
35
3.5
30
1
90
9.0
240
1
Cherry
Chairs
60
6.0
36
1
Pine Tables
45
4.5
180
Pine Chairs
20
2.0
27
1
LHS
S
S
S
S
2
>
2
2
2
SIGN
1000
2150
3800
8500
3
3
10
10
5
RHS
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 4 steps with 6 images
Recommended textbooks for you
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.