Problem Sets in Linear Programming - Formulation, Graphical Solution, andSimplex Method1. The Reddy Mikks Co. owns a small paint factory that produces both interior andexterior house paints for wholesale distribution. Two basic raw materials, A and B, areused to manufacture the paints. The maximum availability of A is 24 tons a day; that of Bis 6 tons a day. The daily requirements of the raw materials per ton of interior andexterior paints are summarized in the following table: (10 points)Tons of Raw Material per Ton of PaintExteriorInteriorMax. AvailabilityRaw Material A6424Raw Material B1A market survey has established that the daily demand for interior paint cannot exceedthat of the exterior paint by more than 1 ton. The survey also shows that the maximumdemand for interior paint is limited to 2 tons daily. The wholesale price per ton is $5000for exterior paint and $4000 for interior paint.How many tons of interior and exterior paints should the company produce daily tomaximize gross income? Formulate as a linear program completely. Do not solve.

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Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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