Green Vehicle Inc., manufactures electric cars and small delivery trucks. It has just opened a new factory where the C1 car and the T1 truck can both be manufactured. To make either vehicle, processing in the assembly shop and in the paint shop are required. It takes 1/40 of a day and 1/60 of a day to paint atruck of type T1 and a car of type C1 in the paint shop, respectively. It takes 1/50 of a day to assemble either type of vehicle in the assembly shop.AT1 truck and a C1 car yield profits of $325 and $220, respectively, per vehicle sold.The aim of the objective function for Green Vehicle Inc. should be to Maximize the objective value.The optimum solution is:Number of trucks to be produced per day = 240 (round your response to two decimal places).

Answered: Image /qna-images/answer/c0d64b98-e791-4562-8ffd-6f63acf96d24.jpg

Answered: AT1 truck and a C1 car yield profits of…

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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Please make a comment on the following statement. There are many business applications with linear functions and non-linear functions. Some people think that linear models are particularly of interest due to simplicity and convenience, but some people believe that nonlinear models can simulate business operations better in practice, enabling business professionals to make more accurate decision.
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Consider the simple von-Thunen model of agricultural land use developed in class. This question asks you to analyze the land use of carrot farmers who use a fixed proportion production technology. Assume the following: -- carrot yield (E) is 20 tons per acre -- carrots sell at $15 per ton (P) at the market -- non-land input costs (I) are $60 per acre -- transport cost (t) is $4 per ton per mile -- farmers pay the transport cost of moving carrots d miles to the market a. Derive the bid-rent curve per acre of land for carrot farmers by imposing the appropriate long-run equilibrium condition. Explain the condition. Show all steps. b. Plot the bid-rent curve for carrot farmers. Then calculate the land area where carrots are grown. c. How much will the landlord charge to rent 1 acre at the city? at d=1 mile? at d = 5 miles? Show computations. d. Where does Farmer Jones prefer to locate? Why
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