Solve the attached simplex problem • 2) A company produces 3 diferente bookshelves: a luxury, a regular and na exportaticmodel. Consider the maximum demand for each model to be 500, 750 and 400respectively. The working hours at the carpentry and finishing sections have theworking time limitations below:SectioncarpentryfinishingTotal numberof hours(thousands)1.41.2Number of hours needed to produce each modelluxuryregularexportation0.50.51.00.50.52.0Assuming the selling profit for the luxury, regular and exportation models is 1500, 13002500 respectively, formulate the LP problema in order to maximize the profit.Interpret the results detailling the optimal number of bookshelves of each type produceddiscussing the total amount of hours used in each section. How far from meeting themaximum demands were we?

Linear programming is a mathematical technique that is also used in operations management…

Answered: Assuming the selling profit for the…

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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