Question type: Module B Linear Programming Each coffee table produced by Kevin Watson Designers nets the firm a profit of $12. Each bookcase yields a $22 profit. Watson's firm is small and its resources limited. During any given production period (of 1 week), 20 gallons of varnish and 32 lengths of high-quality redwood are available. Each coffee table requires approximately 1 gallon of varnish and 2 length of redwood. Each bookcase takes 1 gallon of varnish and 1 lengths of wood. Formulate Watson's production-mix decision as a linear programming problem, and solve. How many tables and bookcases should be produced each week? What will the maximum profit be?
Question type: Module B Linear Programming Each coffee table produced by Kevin Watson Designers nets the firm a profit of $12. Each bookcase yields a $22 profit. Watson's firm is small and its resources limited. During any given production period (of 1 week), 20 gallons of varnish and 32 lengths of high-quality redwood are available. Each coffee table requires approximately 1 gallon of varnish and 2 length of redwood. Each bookcase takes 1 gallon of varnish and 1 lengths of wood. Formulate Watson's production-mix decision as a linear programming problem, and solve. How many tables and bookcases should be produced each week? What will the maximum profit be?
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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