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Assuming the selling profit for the luxury, regular and exportation models is 1500, 1300 2500 respectively, formulate the LP problema in order to maximize the profit. Interpret the results detailling the optimal number of bookshelves of each type produced discussing the total amount of hours used in each section. How far from meeting the maximum demands were we?

Assuming the selling profit for the luxury, regular and exportation models is 1500, 1300 2500 respectively, formulate the LP problema in order to maximize the profit. Interpret the results detailling the optimal number of bookshelves of each type produced discussing the total amount of hours used in each section. How far from meeting the maximum demands were we?

Practical Management Science
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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Solve the attached simplex problem
• 2) A company produces 3 diferente bookshelves: a luxury, a regular and na exportatic model. Consider the maximum demand for each model to be 500, 750 and 400 respectively. The working hours at the carpentry and finishing sections have the working time limitations below: Section carpentry finishing Total number of hours (thousands) 1.4 1.2 Number of hours needed to produce each model luxury regular exportation 0.5 0.5 1.0 0.5 0.5 2.0 Assuming the selling profit for the luxury, regular and exportation models is 1500, 1300 2500 respectively, formulate the LP problema in order to maximize the profit. Interpret the results detailling the optimal number of bookshelves of each type produced discussing the total amount of hours used in each section. How far from meeting the maximum demands were we?
Transcribed Image Text:• 2) A company produces 3 diferente bookshelves: a luxury, a regular and na exportatic model. Consider the maximum demand for each model to be 500, 750 and 400 respectively. The working hours at the carpentry and finishing sections have the working time limitations below: Section carpentry finishing Total number of hours (thousands) 1.4 1.2 Number of hours needed to produce each model luxury regular exportation 0.5 0.5 1.0 0.5 0.5 2.0 Assuming the selling profit for the luxury, regular and exportation models is 1500, 1300 2500 respectively, formulate the LP problema in order to maximize the profit. Interpret the results detailling the optimal number of bookshelves of each type produced discussing the total amount of hours used in each section. How far from meeting the maximum demands were we?
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