Lisa makes two sorts of jewelry- Type A and Type B. Type A requires 90 minutes of curving and 1hours of assembly time. On the other hand, Type B requires 45 minutes of curving and 2 hours of assembly time. Lisa can sell Type A for $12 and Type B for $55. Given that Lisa has only 1000 hours of curving 500 hours of assembly time. How many of each type of Jewelry Lisa should make to maximize revenue? Keep in mind that Type A jewelry has to be at least twice the number of Type B jewelry. (Possible Answer: $9875) (Suggestion: Convert all the hours to minutes so that you do not end up mixing hours and minutes) CAN YOU DO THIS QUESTION IN THIS TEMPLATE ? Data Curving Assembly Price A 1.5 1 $ 12.00 B 0.75 2 $ 55.00 Model Decision Variables A 0 X B 0 Y Objective Function MAX($) $ - Constraints LS Relation RS [Name] 0 GTE 0 [NN X] 0 GTE 0 [NN Y] 0 LTE 1000 [CURVING] 0 LTE 500 [ASSEMBLY] 0 LTE 0 [RATIO]

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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Lisa makes two sorts of jewelry- Type A and Type B. Type A requires 90 minutes of curving and 1hours of assembly time. On the other hand, Type B requires 45 minutes of curving and 2 hours of assembly time.

Lisa can sell Type A for $12 and Type B for $55. Given that Lisa has only 1000 hours of curving 500 hours of assembly time. How many of each type of Jewelry Lisa should make to maximize revenue? Keep in mind that Type A jewelry has to be at least twice the number of Type B jewelry. (Possible Answer: $9875)

(Suggestion: Convert all the hours to minutes so that you do not end up mixing hours and minutes)

CAN YOU DO THIS QUESTION IN THIS TEMPLATE ?

Data
		Curving	Assembly	Price
	A	1.5	1	$ 12.00
	B	0.75	2	$ 55.00









Model

Decision Variables

	A	0	X
	B	0	Y



Objective Function

	MAX($)	$ -


Constraints
LS	Relation	RS	[Name]
0	GTE	0	[NN X]
0	GTE	0	[NN Y]
0	LTE	1000	[CURVING]
0	LTE	500	[ASSEMBLY]
0	LTE	0	[RATIO]