Answered: If the company wishes to maximize profi…

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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Question

We describe the steps involved in solving a simple linear programming model in the context
of a sample problem, that of Puck and Pawn Company, which manufactures hockey sticks
and chess sets. Each hockey stick yields an incremental profi t of $2, and each chess set, $4. A
hockey stick requires 4 hours of processing at machine center A and 2 hours at machine center
B. A chess set requires 6 hours at machine center A, 6 hours at machine center B, and 1 hour
at machine center C. Machine center A has a maximum of 120 hours of available capacity per
day, machine center B has 72 hours, and machine center C has 10 hours.
If the company wishes to maximize profi t, how many hockey sticks and chess sets should
be produced per day?

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