Do not solve list all the variables objective function and contraints                                  ASW Publishing, Inc., a small publisher of college textbooks, must make a decision regarding which books to publish next year. The books under consideration are listed in the following table, along with the projected three­year sales expected from each book.     Book Subject Type of Book Projected Sales (000s)   Business calculus New 20   Finite mathematics Revision 30   General statistics New 15   Mathematical statistics New 10   Business statistics Revision 25   Finance New 18   Financial accounting New 25   Managerial accounting Revision 50   English literature New 20   German New 30   The books that are listed as revisions are texts that ASW already has under contract; these texts are being considered for publication as new editions. The books that are listed as new have been reviewed by the company, but contracts have not yet been signed.The company has three individuals who can be assigned to these projects, all of whom have varying amounts of time available; John has 60 days available, and Susan and Monica both have 40 days available. The days required by each person to complete each project are shown in the following table. For instance, if the business calculus book is published, it will require 30 days of John's time and 40 days of Susan's time. An ''X" indicates that the person will not be used on the project. Note that at least two staff members will be assigned to each project except the finance book       Book Subject John Susan Monica   Business calculus 30 40 X   Finite mathematics 16 24 X   General statistics 24 X 30   Mathematical statistics 20 X 24   Business statistics 10 X 16   Finance X X 14   Financial accounting X 24 26   Managerial accounting X 28 30   English literature 40 34 30   German X 50 36       ASW will not publish more than two statistics books or more than one accounting text in a single year. In addition, management has decided that one of the mathematics books (business calculus or finite math) must be published, but not both.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter5: Business And Economic Forecasting
Section: Chapter Questions
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Do not solve list all the variables objective function and contraints                                  ASW Publishing, Inc., a small publisher of college textbooks, must make a decision regarding which books to publish next year. The books under consideration are listed in the following table, along with the projected three­year sales expected from each book.

 

 

Book Subject Type of Book Projected Sales (000s)

 

Business calculus New 20

 

Finite mathematics Revision 30

 

General statistics New 15

 

Mathematical statistics New 10

 

Business statistics Revision 25

 

Finance New 18

 

Financial accounting New 25

 

Managerial accounting Revision 50

 

English literature New 20

 

German New 30

 

The books that are listed as revisions are texts that ASW already has under contract; these texts are being considered for publication as new editions. The books that are listed as new have been reviewed by the company, but contracts have not yet been signed.The company has three individuals who can be assigned to these projects, all of whom have varying amounts of time available; John has 60 days available, and Susan and Monica both have 40 days available. The days required by each person to complete each project are shown in the following table. For instance, if the business calculus book is published, it will require 30 days of John's time and 40 days of Susan's time. An ''X" indicates that the person will not be used on the project. Note that at least two staff members will be assigned to each project except the finance book

 

 

 

Book Subject John Susan Monica

 

Business calculus 30 40 X

 

Finite mathematics 16 24 X

 

General statistics 24 X 30

 

Mathematical statistics 20 X 24

 

Business statistics 10 X 16

 

Finance X X 14

 

Financial accounting X 24 26

 

Managerial accounting X 28 30

 

English literature 40 34 30

 

German X 50 36

 

 

 

ASW will not publish more than two statistics books or more than one accounting text in a single year. In addition, management has decided that one of the mathematics books (business calculus or finite math) must be published, but not both.

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