A publishing house publishes three weekly magazines-Daily Life, Agriculture Today, and Surf's Up. Publication of one issue of each of the magazines requires the following amounts of production time and paper: Production (hr.) Paper (lb.) Daily Life 0.01 0.2 Agriculture Today Surf's Up 0.03 0.5 0.02 0.3 Each week the publisher has available 120 hours of production time and 3,000 pounds of paper. Total circulation for all three magazines must exceed 5,000 issues per week if the company is to keep its advertisers. The selling price per issue is $2.25 for Daily Life, $4.00 for Agriculture To- day, and $1.50 for Surf's Up. Based on past sales, the publisher knows that the maximum weekly demand for Daily Life is 3,000 issues; for Agriculture Today, 2,000 issues; and for Surf's Up, 6,000 issues. The production manager wants to know the number of issues of each maga- zine to produce weekly in order to maximize total sales revenue. The total number of decision variables in this problem is: 4523 0000

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question

please answer in text form and in proper format answer with must explanation , calculation for each part and steps clearly

A publishing house publishes three weekly magazines-Daily Life, Agriculture Today, and
Surf's Up. Publication of one issue of each of the magazines requires the following amounts of
production time and paper:
Production (hr.)
Paper (lb.)
Daily Life
0.01
0.2
Agriculture Today
Surf's Up
0.03
0.5
0.02
0.3
Each week the publisher has available 120 hours of production time and 3,000 pounds of paper.
Total circulation for all three magazines must exceed 5,000 issues per week if the company is to
keep its advertisers. The selling price per issue is $2.25 for Daily Life, $4.00 for Agriculture To-
day, and $1.50 for Surf's Up. Based on past sales, the publisher knows that the maximum
weekly demand for Daily Life is 3,000 issues; for Agriculture Today, 2,000 issues; and for Surf's
Up, 6,000 issues. The production manager wants to know the number of issues of each maga-
zine to produce weekly in order to maximize total sales revenue.
The total number of decision variables in this problem is:
4523
0000
Transcribed Image Text:A publishing house publishes three weekly magazines-Daily Life, Agriculture Today, and Surf's Up. Publication of one issue of each of the magazines requires the following amounts of production time and paper: Production (hr.) Paper (lb.) Daily Life 0.01 0.2 Agriculture Today Surf's Up 0.03 0.5 0.02 0.3 Each week the publisher has available 120 hours of production time and 3,000 pounds of paper. Total circulation for all three magazines must exceed 5,000 issues per week if the company is to keep its advertisers. The selling price per issue is $2.25 for Daily Life, $4.00 for Agriculture To- day, and $1.50 for Surf's Up. Based on past sales, the publisher knows that the maximum weekly demand for Daily Life is 3,000 issues; for Agriculture Today, 2,000 issues; and for Surf's Up, 6,000 issues. The production manager wants to know the number of issues of each maga- zine to produce weekly in order to maximize total sales revenue. The total number of decision variables in this problem is: 4523 0000
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman