8. (Tucker 3.3.16) A furniture manufacturer makes tables, chairs and sofas. The different products require the following amounts of resources: Table Chair Sofa Wood 4 1 Upholstery 2 4 Labor 3 2 5 (a) In one month, the company has available 300 units of wood, 225 units of upholstery and 350 units of labor. Find a production schedule for the month that uses all these resources; this the exact solution to the system you found an approximate solution to in Homework 1, Core Problem 6. (b) If the supply of wood increases by 10%, find a new production schedule that will use all the available resources. (c) Find an expression for the production schedule will use all the available resources if the labor supply drops by k.
8. (Tucker 3.3.16) A furniture manufacturer makes tables, chairs and sofas. The different products require the following amounts of resources: Table Chair Sofa Wood 4 1 Upholstery 2 4 Labor 3 2 5 (a) In one month, the company has available 300 units of wood, 225 units of upholstery and 350 units of labor. Find a production schedule for the month that uses all these resources; this the exact solution to the system you found an approximate solution to in Homework 1, Core Problem 6. (b) If the supply of wood increases by 10%, find a new production schedule that will use all the available resources. (c) Find an expression for the production schedule will use all the available resources if the labor supply drops by k.
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...
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