Philadelphia fun-cycles (PFC) is buying new cycles for rentals during the next summer season for tourists visiting Fairmount park. It has a budget of has $180,000 that can be used to purchase new rental cycles that can have 1, 2, or 4 seats. The cycles can be purchased from two different manufacturers. PFC would like to purchase at least 60 cycles in total. These cycles can be any mix of 1, 2, or 4 seaters. PFC wants a total seating capacity of at least 150. PFC also wants to buy at least 45 one-seaters, 45 two-seaters and 45 four-seaters They would like to purchase the same number of cycles from both manufacturers to maintain goodwill.
Philadelphia fun-cycles (PFC) is buying new cycles for rentals during the next summer season for tourists visiting Fairmount park. It has a budget of has $180,000 that can be used to purchase new rental cycles that can have 1, 2, or 4 seats. The cycles can be purchased from two different manufacturers. PFC would like to purchase at least 60 cycles in total. These cycles can be any mix of 1, 2, or 4 seaters. PFC wants a total seating capacity of at least 150. PFC also wants to buy at least 45 one-seaters, 45 two-seaters and 45 four-seaters They would like to purchase the same number of cycles from both manufacturers to maintain goodwill.
Cycle |
Builder |
Cost |
Seating Capacity |
Expected Daily Profit |
The Roadie |
Mighty Cycles |
$500 |
1 |
$100 |
The Doubler |
Mighty Cycles |
$900 |
2 |
$140 |
The Rickshaw |
Mighty Cycles |
$1800 |
4 |
$200 |
The Speedy |
S&K Cycles |
$800 |
1 |
$115 |
The Cozy |
S&K Cycles |
$1000 |
2 |
$150 |
The Caravan |
S&K Cycles |
$1500 |
4 |
$180 |
How many cycles and which type of cycles should PFC purchase? Formulate this problem as a linear program and solve it.
- Define the decision variables needed to model this problem.
- The objective is to maximize nightly revenue. Give the objection function.
- Write the constraints.
- What is the final answer? Explain in detail.
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