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Formulate the objective functions and constraints determine the breakdown of each product and the expected profit

Formulate the objective functions and constraints determine the breakdown of each product and the expected profit

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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Dongguk Furniture Is A Manufacturer Of Fine Hand-Crafted Furniture. During The Next Production Period, Management Is management is considering producing 3 products; dining room tables, dining room chairs, and/or bookcases. The time required for each item to go through the two stages of production (assembly and finishing), the amount of wood required (fine cherry wood), and the corresponding unit profits are given in the following table, along with the amount of each resource available in the upcoming production period.

Formulate the objective functions and constraints

determine the breakdown of each product and the expected profit

 

 

 

Tables Chairs Bookcases Available 80 Assembly (minutes) Finishing (minutes) 40 50 8100 30 20 30 4500 Wood (pounds) Unit Profit 80 10 50 9000 $360 $125 $300
Transcribed Image Text:Tables Chairs Bookcases Available 80 Assembly (minutes) Finishing (minutes) 40 50 8100 30 20 30 4500 Wood (pounds) Unit Profit 80 10 50 9000 $360 $125 $300
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